Prepare a depreciation schedule using the double-declining balance (DDB) method. (Enter a "0" for any items with a zero value.) Book Value Double-Declining-Balance Depreciation Schedule Depreciation for the Year Asset Book DDB Depreciation Accumulated Date Cost Value Rate Expense Depreciation 1-2-2018 12-31-2018 12-31-2019 12-31-2020 12-31-2021 Crispy Fried Chicken bought equipment on January 2, 2018, for $33,000. The equipment was expected to remain in service for four years and to operate for 6,750 hours. At the end of the equipment's useful life, Crispy estimates that its residual value will be $6,000. The equipment operated for 675 hours the first year, 2,025 hours the second year 2,700 hours the third year, and 1,350 hours the fourth year. Read the equiremena Begin by preparing a depreciation schedule using the straight-line method. Straight-Line Depreciation Schedule Depreciation for the Year Asset Depreciable Useful Depreciation Accumulated Book Date Cost Cost Life Expense Depreciation Value 1-2-2018 S 33,000 $ 33,000 $ 12-31-2018 27,000/ 4 years 6.750 $ 6.750 26.250 27.000 12-31-2019 4 years 6,750 13,500 19.500 12-31-2020 27,000 4 years 6,750 20,250 12,750 27,000/ 4 years 6,750 12-31-2021 27,000 6,000 - Before calculating the units of production depreciation schedule, calculate the depreciation expense per unit. Select the formula, then enter the amounts and calculate the depreciation expense per unit. Cost Residual value )/ Useful life in units Depreciation per unit 33,000 6,000 ) 6.750 (S Book Value Prepare a depreciation schedule using the units-of-production method. Units-of-Production Depreciation Schedule Depreciation for the Year Asset Depreciation Number of Depreciation Accumulated Date Cost Per Unit Units Expense Depreciation 1-2-2018 $ 33,000 12-31-2018 4 x 675 $ 2,700$ 2,700 12-31-2019 2,025 8,100 10,800 12-31-2020 4 x 2,700 10,800 21,600 12-31-2021 4 x 1,350 5,400 27,000 33,000 30,300 22,200 11,400 6,000 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? Print Done