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ar 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? + cull rec Print Done cond Fried Chicken bought on January 2, 2024. for $21,000. The equemest was expected to maine for four years and operate 3000 hours. The end of the seconds residual value will be 53.000 The operated for 300 hours the test. 1.000 housecond year 1,440 hour the third year, and 720 hours to furthy Fredhe me Hequirement 1. chedule ofrece acousted depreciation and booket year for the equate the three depreciation notodestrugane tecton and controw your computations Note The decisionschedules and be red Begin by vergaderisching the right-in muted Straight Line Depreciation Schedule Asset Straight-Line Depreciation Schedule Depreciation for the Year Depreciable Useful Depreciation Accumulated Book Date Cost Cost Life Expense Depreciation Value 1-2-2024 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 und Deprecation per un ) Asset Book Value Prepare a depreciation schedule using the units of production method. Units-of-Production Depreciation Schedule Depreciation for the Year Depreciation Number of Depreciation Accumulated Date Cost Per Unit Units Expense Depreciation 1-2-2024 12-31-2024 12-31-2025 12-31-2026 12-31-2027 Prepare a depreciation schedule using the double-declining balance (DDB) 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 1-2-2024 12-31-2024 12-31-2025 12-31-2026 1 12-31-2027 Requirement 2. Which method tracks the wear and tear on the equipment most closely? The method tracks wear and tear most closely, ar 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? + cull rec Print Done cond Fried Chicken bought on January 2, 2024. for $21,000. The equemest was expected to maine for four years and operate 3000 hours. The end of the seconds residual value will be 53.000 The operated for 300 hours the test. 1.000 housecond year 1,440 hour the third year, and 720 hours to furthy Fredhe me Hequirement 1. chedule ofrece acousted depreciation and booket year for the equate the three depreciation notodestrugane tecton and controw your computations Note The decisionschedules and be red Begin by vergaderisching the right-in muted Straight Line Depreciation Schedule Asset Straight-Line Depreciation Schedule Depreciation for the Year Depreciable Useful Depreciation Accumulated Book Date Cost Cost Life Expense Depreciation Value 1-2-2024 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 und Deprecation per un ) Asset Book Value Prepare a depreciation schedule using the units of production method. Units-of-Production Depreciation Schedule Depreciation for the Year Depreciation Number of Depreciation Accumulated Date Cost Per Unit Units Expense Depreciation 1-2-2024 12-31-2024 12-31-2025 12-31-2026 12-31-2027 Prepare a depreciation schedule using the double-declining balance (DDB) 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 1-2-2024 12-31-2024 12-31-2025 12-31-2026 1 12-31-2027 Requirement 2. Which method tracks the wear and tear on the equipment most closely? The method tracks wear and tear most closely