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 5,250 hours. residual value will be $6,000. The equipment operated for 525 hours the first year, 1,575 hours the second year, 2,100 hours the third year, and 1,050 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: s your computations. Note: Three depreciation schedules must be prepared. Begin by preparing a depreciation schedule using the straight-line method. 2018, for $27.000. The equipment was expected to remain in service for four years and to operate for 5,250 hours. At the end of the equipment's useful life, Wonder estimates that its or 525 hours the first year, 1,575 hours the second year, 2,100 hours the third yeam, and 1,050 hours the fourth year, Straight-Line Depreciation Schedule Depreciation for the Year Asset Depreciable Useful Depreciation Accumulated Date Cost Cost Life Expense Depreciation Book Value 1-2-2018 12-31-2018 12-31-2019 12-31-2020 12-31-2021 Question Viewer Before calculating the units of production depreciation schedule, calculate the depreciation expense per unit. Select the formula, then enter the amounts and calculate the deprecia Depreciation per unit ) ) Prepare a depreciation schedule using the units-of-production method. Units-of-Production Depreciation Schedule MacBook Air FS BO 0 F2 esc # 3 $ 4 % 5 6 7 2 Book Value Units-of-Production Depreciation Schedule Depreciation for the Year Asset Depreciation Number of Depreciation Accumulated Date Cost Per Unit Units Expense Depreciation 1-2-2018 12-31-2018 12-31-2019 12-31-2020 x 12-31-2021 X X Question Viewer 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 1-2-2018 12-31-2018 12-31-2019 x MacBook Air BO 13 55 F2 % 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 1-2-2018 12-31-2018 12-31-2019 12-31-2020 12-31-2021 Requirement 2. Which method tracks the wear and tear on the equipment most closely? The method tracks wear and tear most closely. MacBook Air