Wonder Fried Chicken bought equipment on January 2, 2018, for $27,000. The equipment was expected to remain in service for four years and to operate for 4,200 hours. At the end of the equipment's useful life, Wonder estimates that its residual value will be $6,000. The equipment operated for 420 hours the first year, 1,260 hours the second year, 1,680 hours the third year, and 840 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 Depreciation for the Year Asset Depreciable Useful Depreciation Date Cost Cost Life Expense 1-2-2018 12-31-2018 Accumulated Depreciation Book Value 12-31-2019 12-31-2020 12-31-2021 II 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. = Depreciation per unit Prepare a depreciation schedule using the units-of-production method. Accumulated Depreciation Book Value Units-of-Production Depreciation Schedule Depreciation for the Year Asset Depreciation Number of Depreciation Date Cost Per Unit Units Expense Expense 1-2-2018 12-31-2018 12-31-2019 12-31-2020 474024 Choose from any list or enter any number in the input fields and then continue to the next