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? Golden Fried Chicken bought equipment on January 2, 2024, for $21,000. The equipment was expected to remain in service for four years and fo operate for 6,000 hours. At the end of the equipments usoful ife, Golden estimates that its residual value will be $3,000. The equpment operaled for 600 hours the frst year, 1,800 hours the second year, 2,400 hours the third year, 1,200 hours the fourth year. Read the Requirement 1. Prepare a schedule of depreciabion expense, accumulated dopreciation, and book value por yoar for the equipment under the three depreciation methods straightline, units-of-production, and deuble-dedining-balance. Show your computations. Note: Three doaveciafion schedules must be pmpared Begin by preparing a depreciation schedule using the straightline method unt Units-of-Production Depreciation Schedule Prepare a depreciation schedule using the double-declining-balance (DDB) method. (Enter a " 0 " for any items with a zero value.) Requirement 2. Which method tracks the wear and tear on the equipment most closely? The method tracks wear and tear most closely