Seconds Fried Chicken bought equipment on January2, 2018, for $ 18 comma 000.

The equipment was expected to remain in service for four years and to operate for 3 comma 750hours. At the end of the equipment's useful life, Seconds estimates that its residual value will be $ 3 comma 000.The equipment operated for 375 hours the first year, 1 comma 125 hours the second year, 1 comma 500 hours the third year, and 750 hours the fourth year.

Seconds Fried Chicken bought equipment on January 2, 2018, for $18,000. The equipment was expected to remain in service for four years and to operate for 3,750 hours. At the end of the equipment's useful life. Seconds estimates that its residual value will be $3,000. The equipment operated for 375 hours the first year, 1.125 hours the second year, 1.500 hours the third year, and 750 hours the fourth year. Read the wirements Requirement 1. Prepere a schedule of depreciation experise, accumulated depreciation, and book valve per year for the equipment under the three depreciation methods. Straight-line, units-of-production, and double-declining-balance. Show your computations. Node. 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 Depreciable Useful Depreciation Accumulated Book Date Cost Cost Lite Expense Depreciation Value 1-2-2018 12-31-2018 12-31-2019 12-31-2020 - 12-31-2021 = 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 Depreciation par unit Book Value Prepare a depreciation schedule using the units-of-production method. Units-of-Production Depreciation Schedule Depreciation for the Year Asset Depreciation Number of Depreciation Accumulated Date Cost Per Unit Units Expense Depreciation 1-2-2018 12-31-2018 12-31-2019 12-31-2020 12-31-2021 Requirements 1. Prepare a schedule of depreciation experise, accumulated depreciation, and book valus per year for the equipment under the three depreciation methods straight-ine, units-of-production, and double-declining-balance. Show your computations. Note: Three depreciation schedules must be prepared 2. Which method tracks the wear and tear on the equipment most closely? Prepare a depreciation schedule using the double-declining-balance (108) method. (Enter a "O" for any items with a zero value.) Double-Declining-Balance Depreciation Schedule Depreciation for the Year Asset Book DDB Depreciation Accumulated Book Date Cost Value Rate Expense Depreciation Value 1-2-2018 12-31-2018 12-31-2019 12 31 2020 Print Done 12 31 2021 Requirement 2. Which method tracks the wear and tear on the equipment most closely? The method tracks wear and tear most closely