Popeyes fried chicken bought equipment on January 2, 2016 for $27,000. The equipment was expected to remain in service for four years and to perform 5250 fry jobs. at the end of the equipment useful life, Papa estimates that is residual value will be $6000. The equipment performed 525 jobs for the first year, 1575 the second year, 2100 the 3rd year, and 1050 for the fourth year

REQUIREMENT 1: prepare a schedule of depreciation expense, accumulated depreciation, and book value Per year for equipment under the straight-line depreciation method. Show your computations and fill in the table completely.

REQUIREMENT 2: which depreciation method covered in this chapter tracks the wear and tear on equipment most closely?

The ________ method tracks where in tear most closely.

*double-delining balance

*straight line

*units of production

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