S Homework: Chapter 9 Homework Score: 0 of 4 pts 4 of 5 (4 complete) HW Score: 80%, 16 of 2 EF9-20 (book/static) Question Help Crispy Fried Chicken bought equipment on January 2, 2024, 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 residu 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 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. Book Value Straight-Line Depreciation Schedule Depreciation for the Year Asset Depreciable Useful Depreciation Accumulated Date Cost Cost Life Expense Depreciation 1-2-2024 33000 12-31-2024 27000 2 x (1/4) 6750 6750 12-31-2025 27000 2 x (1/4) 6750 13500 12-31-2026 27000 2x (114) 6750 20250 12-31-2027 27000 2x (114) 6750 27000 26250 19500 - 12750 6000