please answer all parts!!

requirement 2's drop down menu choices are -

1. double declining balance

2. straight line

3. units-of-production

thanks!!

Papa's Fried Chicken bought equipment on January 2, 2018, for 521,000. The equiprment was expected to remain in service for four years and to operate for 4,500 hours. At the end of the equipment's useful life, Papa's estimates that its residual value will be $3,000. The equipment operated for 450 hours the first year, 1,350 hours the second year, 1,800 hours the third year, and 900 hours the fourth year Read the requirements. Requirement 1. Prepare a schedule of depreciation expense, accumulafed dapreciation, and book value per year for the equipment under the three depreciation methods: straight-line, units-of-production, and double-dec ining-balance. Show your computations. Note: Three depreclation scheduies must be prepared. Begin by preparing a depreciation schedule using the straight-line method. Stralght-Line Depreclation Schedule Requirements Depreciation for the Year Useful Life Asset Depreclable Depreclation Accumulated ExpenseDepreclation Book 1. Prepare a schedule of depreciation expense, accumulated deprecistion, and book vaue per year for the equiprment under the three depreciation methods: straight-line, unita-of-production, and double-declining-balance. Show your computations, Nolc: Three depreciation scheduics must be prepared. Which methad tracks the wear and tear on the equipment most closely? Date Cost Cost Value 1-2-2018 12-31-2018 12-31-2019 12-31-2020 12-31-2021 2. Print Done Before calculating the units-of-production depreciation schedule, calculate the depreciation expense per unit. Select the fomula, then enter the amounts and calculate the depreciation expense per unit )A Depreciation per uni Prepare a depreciation schedule using the units-of-production method Papa's Fried Chicken bought equipment on January 2, 2018, for $21,000. The equipment was expected to remain in service for our years and to operate for 4,500 hours. At the end of the equipment's useful life, Papa's estimates that its residual value will be $3,000. The equipment operated for 450 hours the first year, 1,350 hours the second year, 1,800 hours the third year, and 900 hours the fourth year Read the requiremants. Prepare a depreciation schedule using the units-of-production method. Units-of-Production Depreciation Schedule Requirements Depreciation for the Year Number of Units Asset Depreciation Depreciation Accumulatad Book Date Cost Per Unit Expense Depreciation Value 1. 1-2-2018 12-31-2018 12-31-2019 12-31-2020 12-31-2021 Prepare a schedule of depreciation expensc, accumulated depreciation, and book value per year for the equipment under the three depreciation methods: straight-line, units-of-production, and double-decliring-balance. Show your computations. Note: Three deprecietion scheduies must be prepared. Which ethod tracks the wear and tear on the equiprment most cdosely? 2. Papa's Fried Chicken bought equipment on January 2, 2018, for S21,000. The equipment was expectad to remain in service for four years and to operate for 4,500 hours. At the end of the equipment's useful life, Papa's estimates that its residual value will be $3,000. The equipment operated for 450 hours the first year, 1,350 hours the second year, 1,800 hours the third year, and 900 hours the fourth year Read the requirements 1-2-2018 12-31-2018 12-31-2019 12-31-2020 12-31-2021 Prepare a depreciation schedule using the double-dedining-balance (DDB) method. (Enter a "O" for any items with a zero value.) Double-Declining-Balance Depreciation Schedulc Depreciation for the Year DDB Rate Requirements Asset Book DepreciationAccumulated Book Date Cost Value Expense Depreciation Value 1-2-2018 12-31-2018 12-31-2019 12-31-2020 12-31-2021 1. Prepare a schedule of depreciation expense, accumuiated deprecietion, and book value per year for the equipment under the three depreciation methods: straight-line, units-of-production, and double-declining-balance. Show your computations. Note: Three depreciation schedules musf be prepared Which method tracks the wear and tear on the equipment most closely? 2. Print Done Requirement 2. Which methad tracks the wear and tear on the equipment mast closely? The method tracks wear and tear most closely