Seconds Fried Chicken bought equipment on January 2, 2016, for $30,000. The equipment was expected to remain in service for four years and to perform 8,000 fry jobs. At the end of the equipment's useful life, Seconds estimates that its residual value will be $6,000. The equipment performed 800 jobs the first year, 2,400 the second year, 3,200 the third year, and 1,600 the fourth year. Requirements 1. Prepare a schedule of depreciation expense, accumulated depreciation, and book value per year for the equipment under the straight-line depreciation method. Show your computations. 2. Which depreciation method covered in this chapter tracks the wear and tear on the equipment most closely? Date Cost Cost Rate Expense Depreciation Value 1-2-2016 12-31-2016 12-31-2017 12-31-2018. 12-31-2019 Requirement 2. Which depreciation method covered in this chapter tracks the wear and tear on the equipment most closely? The method tracks wear and tear most closely