Save Homework: Chapter Ten Homework Score: 0 of 1 pt E10-20 (similar to) 4 of 10 (3 complete) HW Score: 30%, 3 of 10 pts Question Help Wonder Fried Chicken bought equipment on January 2, 2018, for $36,000. 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 life, Wonder estimates that its residual value will be $6,000. 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 requirements. 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 Asset Cost Depreciation for the Year Depreciable Useful Depreciation Cost Life Expense Accumulated Depreciation Book Value Date 1-2-2018 12-31-2018 12-31-2019 12-31-2020 12-31-2021