Score: 0 of 3 pts 5 of 7 (4 complete) HW Score: 35.29%, 7.06 of 20 pts E10-20 (book/static) Question Help Crispy Fried Chicken bought equipment on January 2, 2018, 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 residual 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. Straight-Line Depreciation Schedule i Requirements Depreciation for the Year Asset Depreciable Useful Depreciation Accumulated Book 1. Prepare a schedule of depreciation expense, accumulated depreciation, and Date Cost Cost Life Expense Depreciation Value book value per year for the equipment under the three depreciation methods: 1-2-2018 straight-line, units-of-production, and double-declining balance. Show your computations. Note: Three depreciation schedules must be prepared. 12-31-2018 2. Which method tracks the wear and tear on the equipment most closely? 12-31-2019 12-31-2020 Print Done 12-31-2021 = +