The equipment operated for $300$ hours the first year, $900$ hours the second year, $1,200$ hours the third year, and $600$ hours the fourth year.

Read the requirements. Three depreciation schedules must be prepared.

Begin by preparing a depreciation schedule using the straight$-$line method

Straight$-$Line Depreciation Schedule

Requirements

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.

Which method tracks the wear and tear on the equipment most closely?

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