Requirement 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. 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 Life Expense Depreciation Value 1-2- 2018 $21,000 $21,000 12-31- 2018 $ 18,000 / years = $ 4,500 $ 4,500 16,500 12-31- 2019 18,000 / years = 4,500 9,000 12,000 12-31- 2020 18,000 / years = 4,500 13,500 7,500 12-31- 4 2021 18,000 / years = 4,500 18,000 3,000 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. Residual ) Useful life in Depreciation ( Cost - value I units = per unit ($ 21,000 - $ 3,000 6,000 = $ 3 Prepare a depreciation schedule using the units-of-production method. Units-of-Production Depreciation Schedule Depreciation for the Year Number Asset |Depreciation of Depreciation Accumulated Book Date Cost Per Unit Units Expense Depreciation Value 1-2- 2018 21000 12-31- 2018 3xC =D 12-31- 2019 3x 12-31- 2020 12-31- 2021