Wonder Fried Chicken bought equipment on January 2, 2024. for $21,000 The equipment was expected to remain in service for four years and to operate for 6,00 hours. At the end of the equipment's useful life Wonder estimates that its residual value will be $3,000 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 dopreciation 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 1-2-2024 21000 21000 12.31 2024 12-31 2025 12:31-2026 12:31 2027