Southem Fried Chicken bought equipment on January 2, 2024, for $21,000. The equipment was expected to remain in service for four years and to operate for 6,000 hours. At the end of the equipment's useful fe, Souther estimates that its residual value will be $3.000. The equipment operated for 600 hours the first year, 1,800 hours the second year, 2.400 hours the third year, and 1,200 hours the fourth year Read the Requirement 1. Prepare a schedule of depreciation expence, accumulated deprecation and book value per year for the equipment under the three depreciation methods straight line units of production and double-dedining balance. Show your computations Note Three deprecation schedules must be prepared Begin by preparing a depreciation schedule using the straight line method Straight Line Depreciation Schedule Depreciation for the Year Date Asset Cost Depreciable Usebul Cost Life Depreciation Accumulated Expense Depreciation Book Value 12-2024 12-31-2024 12-31-2025 12-31-2126