Seconds Fried Chicken bought equipment on January 2, 2024, for $39,000. The equipment was expected to remain in service for four years and to operate for 11,000 hours. At the end of the equipment's useful life, Seconds estimates that its residual value will be $6,000. The equipment operated for 1,100 hours the first year, 3,300 hours the second year, 4,400 hours the third year, and 2,200 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 Date Cost Depreciable Cost Useful Life Depreciation Expense Accumulated Depreciation Book Value 1-2-2024 39000 39000 12-31-2024 12-31-2025) 12-31-2026 12-31-2027 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. Prepare a depreciation schedule using the units-of-production method. Units-of-Production Depreciation Schedule Depreciation for the Year Date Asset Cost Depreciation Per Unit 1-2-2024 Number of Units Depreciation per unit Expense Depreciation Accumulated Depreciation Book Value