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Score: 0 of 20 pts 5 of 6 (D complete) HW Score: 0%, 0 of 50 pts E9-20 (book/static) EQuestion Help Crackling Fried Chicken bought

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Score: 0 of 20 pts 5 of 6 (D complete) HW Score: 0%, 0 of 50 pts E9-20 (book/static) EQuestion Help Crackling Fried Chicken bought equipment on January 2, 2016, for $21,000. The equipment was expected to remain in service for four years and to perform 3,600 fry jobs. At the end of the equipment's useful life, Crackling estimates that its residual value will be $3,000. The equipment performed 360 jobs the first year, 1,080 the second year, 1,440 the third year, and 720 the fourth year Prepare a schedule of depreciation expense, accumulated depreciation, and book value per year for the equipment under the three depreciation methods. Show your computations. Note: Three depreciation schedules must be prepared 1. 2. Which method tracks the wear and tear on the equipment most closely? Requirement 1. Prepare a schedule of depreciation expense, accumulated depreciation, and book value per year for the equipment under the three depreciation methods. 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 Date Cost Cost Rate Expense Value 1-2-2016 12-31-2016 12-31-2017 12-31-2018 12-31-2019

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