Wonder Fried Chicken bought equipment on January 2, 2024, for $15,000. The equipment was expected to remain in service for four years and to operate for 2,400 hours. At the end of the equipment's useful life, Wonder estimates that its residual value will be $3,000. The equipment operated for 240 hours the first year, 720 hours the second year, 960 hours the third year, and 480 hours the fourth year. Read the requirements. Betore calculating the units-of-production depreciation schedule, calculate the depreciation expenso per unit. Select the formula, then enter the amounts and calculate the depreciation expense per unit. Prepare a depreciation schedule using the units-of-production method. Units-of-Production Danraniationn Eahadata Wonder Fried Chicken bought equipment on January 2, 2024, for $15,000. The equipment was expected to re operate for 2,400 hours. At the end of the equipment's useful life, Wonder estimates that its residual value will 240 hours the first year, 720 hours the second year, 960 hours the third year, and 480 hours the fourth year. Read the requirements. Requirements 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