Popa's Fried Chicken bought equipment on January 2, 2024, for $21,000. The equipment was expected to remain in service for four years and to operato for 3,600 hours. At the end of the equipments useful ite, Papa's estimates that its residual value will be $3,000. The equpenent operated for 360 hours the first year, 1,060 hours the second year, 1,440 hours the third year, and 720 hours the fourb year: Read the cequiremens Requirement 1. Prepare a schedule of depreciation expense, accumulated dopreciabion, and book vatuo per year for the oquipment under the three depreclation methods: strightIne, unis-of-production, and doublo-decining-bolance. Show your computations. Nole: Thvoe depreciation schedules must be prepared Bogin by preparing a depreciation schedule using the straight line mothod. Papas Fried Chicken bought equipment on January 2, 2024, for $21,000. The equipment was expectod to remain in senvice for four years and to operate for 3,600 hours. Al the end of the equigmentb useful Ife, Papa's estimates that its residual value will be $3,000. The equipment opecated for 360 hours the frat year, 1,060 hours the second yeat, 1,440 bours the thind year, and 720 houn the fourth. year Read the tequ tements. Prepare a depreciation schedule using the unib-of-production mothod. Units-of Production Denraelatinn E.rhadials Prepare a depreciation schedule uning the double-decinng-bwiance (DDO) method. (Emer a 'o' for any wems with a zero vatue) Double-Declinine-Balance Denreciation fichartuile Papa's Fried Chicken bought equipment on Jamuary 2, 2024, for $21,000. The equipment was expected to remain in service for tour years and to operate for 3 , 600 hours. A the end of the equlpments. iseful Mo. Papa's estimates that its residual value will be $3,000. The equipment opernted for 360 hours the first year, 1,080 hours the second yoar, 1,440 hours the thind year, and 720 hour the tourth Read the tequrements. Prepare a depreciasion schedule using the double-decining-balance (DOB) method (Emer a "o" for any ilems wen a rero vatue) ? Requirement 2. Which method tucks the wear and leat on the equipment most cosely? The meinod trocks wear ahd tear most cosely