requiremnet 1 and 2 please

Granny's Fried Chicken bought equipment on January 2, 2018, for $27,000. The equipment was expected to remain in service for four years and to operate for 7,000 hours. At the end of the equipment's useful life, Granny's estimates that its residual value will be $6,000. The equipment operated for 700 hours the first year, 2,100 hours the second year, 2,800 hours the third year, and 1,400 hours the fourth year. Read the requirements 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 Depreciation for the Year Asset Depreciable Useful Depreciation Accumulated Book Cost Life Expense Depreciation Value 1-2-2018 Date Cost 11 12-31-2018 12-31-2019 12-31-2020 12-31-2021 1 1 1 di namate the denreciation expense per unit 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. = Depreciation per unit Book nel Value Prepare a depreciation schedule using the units-of-production method ote Units-of-Production Depreciation Schedule Depreciation for the Year Asset Depreciation Number of Depreciation Accumulated Date Cost Per Unit Units Expense Depreciation apte 1-2-2018 12-31-2018 omes 12-31-2019 12-31 2020 12 31-2021 Chapte - mutta 12-31 pte mel Prepare a depreciation schedule using the double declining balance (DDB) method. (Enter a "o" for any items with a zero value) Double-Declining-Balance Depreciation Schedule Depreciation for the Year Asset Book DDB Depreciation Accumulated Book Date Cost Value Rate Value Expense Depreciation 1-2-2018 12 31-2018 hapte 12-31-2019 12-31 2020 Home 12-31-2021 Requirement 2. Which method tracks the wear and tear on the equipment most closely? Chapte The method tracks wear and tear most closely Choose from any list or enter any number in the input fields and then continue to the next question. Final El 11 Depreciation per unit - X i Requirements ti se 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 hod. (Enter a "0" for any items with a zero value.)