Southern fried chicken brought equipment on january 2, 2024:

Southem Fried Chlcken bought equipment on January 2, 2024, for 521,000 . The equipment was oppoled to remain in service for four years and to operate for 3,600 boum A the end of the equipment's usehul life, Southem estimates that iss residual value will be 53,000 . The equpment operated for 360 hours the frst year, 1,000 hours the secand year, 1,440 hours the third yoar, and 720 hours the fourth year. Read the requirements Requirement 1. Prepare a schedule of depreciaton expense, accumulated deprecuton, and book value per year for the equipment under the three depreciaton methodr straight line, units of production, and double-decining-balance Show your computations. Note. Three depreciabion schediles must be prepared Begin by preparing a depreciation schedule using the straight line method Requirements 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. 2. Which method tracks the wear and tear on the equipment most closely