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{Please do all the requirments thank you Hearty Fried Chicken bought equipment on January 2, 2013, for $33,000. The equipment was expected to remain in
{Please do all the requirments thank you
Hearty Fried Chicken bought equipment on January 2, 2013, for $33,000. The equipment was expected to remain in service four years and to perform 9,000 fry jobs. At the end of the equipment's useful life, Hearty estimates that its residual value will be $6,000. The equipment performed 900 jobs the first year, 2,700 the second year, 3,600 the third year, and 1,800 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 Depreciable Depreciation Depreciation Accumulated Book Date Cost Cost Rate Expense Depreciation Value 1-2-2013 12-31-2013 12-31-2014 12-31-2015 12-31-2016Step by Step Solution
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