Papa's Fried Chicken bought equipment on January 2, 2016, for $18,000. The equipment was expected to remain in service for four years and to perform 5,000 fry jobs. At the end of the equipment's useful life, Papa's estimates that its residual value will be $3,000. The equipment performed 500 jobs the first year, 1,500 the second year, 2,000 the third year, and 1,000 the fourth year Requirements 1. Prepare a schedule of depreciation expense, accumulated depreciation, and book value per year for the equipment under the three depreciation methods. Show your computations. Note: Three depreciation schedules must be prepared 2. Which method tracks the wear and tear on the equipment most closely? Requirement 1. Prepare a schedule of depreciation expense, accumulated depreciation, and book value per year for the equipment under the three depreciation methods. Show your computations. Note: Three depreciation schedules must be prepared. Begin by preparing a depreciation schedule using the straight-line method Straight-Line Depreciation Schedule Depreciation for the Year Asset Deiae Depreciation DepreciationAccumulated Book Costco Date Cost Rate Expense Depreciation Value 1-2-2016 12-31-2016 Choose from any list or enter any number in the input fields and then click Check