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the equipmenfs Chaten bought equipment on danuary 2, 2024, for 521,000. The equipment was expected to remahn in service for four yean and to operate for 3,600 houn. At the and of Tzo houn the fouret yoar. Rend the requitements Before calculating the unts-of-producion depreciaton schedule, calculate the sepreciaton expense per unt. Select the formula, then anter the amounts and ealealate the depreciation expente per ent. Prepare a deareciabion schedule uning the units-of.production enthod Chicken bought equipment on January 2,2024, for $21,000. The equipment was expected to remain in service for four ye t's useful life, Crackling estimates that its residual value will be $3,000. The equipment operated for 360 hours the first year, fourth year. irements: Requirements 1. Prepare a schedule of depreciation expense, accumulated depreciation, 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 must be prepared. 2. Which method tracks the wear and tear on the equipment most closely