Requirement $1.$ 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.

Begin by preparing a depreciation schedule using the straight$-$line method.

Straight$-$Line Depreciation Schedule

Requirements

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.

Which method tracks the wear and tear on the equipment most closely?