Wonder Fried Chicken bought equipment on January 2, 2018, for $21,000. The equipment was expected to remain in service for four years and to operate for 4,500 hours. At the end of the equipment's useful life, Wonder estimates that its residual value will be $3,000. The equipment operated for 450 hours the first year, 1,350 hours the second year, 1,800 hours the third year, and 900 hours the fourth year. Read the requirements. 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 Requirements - X Asset Depreciable Useful Book Depreciation Expense Accumulated Depreciation Date Cost Cost Life Value 1-2-2018 12-31-2018 12-31-2019 12-31-2020 12-31-2021 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. 2. Which method tracks the wear and tear on the equipment most closely? Print Done Choose from any list or enter any number in the input fields and then click Check Answer. 1 parts Clear All Check Answer remaining