Papas Fried Chicken bought equipment on January 2, 2018, for $30,000. The equipment was expected to remain in service for four years and to operate for 8,000 hours. At the end of the equipments useful life, Papas estimates that its residual value will be $6,000. The equipment operated for 800 hours the first year, 2,400 hours the second year, 3,2000 hours the third year, and 1,600 the fourth year.

Requirement 1. Prepare a schedule of depreciation expense, accumulated depreciation, and book value per year for the equipment under the three depreciation methods: straight-ine, units-o-production double-declining-balance. 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 Asset Depreciable Cost Depreciation for the Year Useful Life Date Cost Expense Depreciation Value 1-2-2018 12-31-2018 12-31-2019 12-31-2020 12-31-2021 Before caloulating the units-of-production depreciation schedule, calculate the depreciation expense per unit. Select the formula, then enter the amounts and calculate the depreciation expense per unit Prepare a depreciation schedule using the units-of-production method Choose from any list or enter any number in the input fields and then continue to the next question 8 3 5