Wonder Fried Chicken bought guipment 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. At the end of the equipments of Wonder estimates that is residual value wil be $6,000. The equipment operated for 825 hours the first year, 1.575 hours the second year, 2.100 hours the third year, and 1,000 hours the fourth year. Read the requirements Requirement 1. Prepare a schedule of depreciation expense, accumulated depreciation, and book value year for the equipment under the three depreciation methode straight line unts 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 Accumulated Book Date Cost Cost Life Expense Depreciation Value 1-2-2018 12-01-2018 12-31-2019 1 12-31-2020 12-31-2021 . Before calling the units of production depreciation schedule, calculate the depreciation experie per unit. Select the form the enter the amounts and colore the depreciation expense per unit ) Depreciation per un Prepare a depreciation schedule using the units-of-production method Units-of-Production Depreciation Schedule in the Year Choose from any list or enter any number in the input fields and then continue to the next question $ 4 % 5 & 7 3 6 8 9 0 E R . Y U 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 Book Value 12-31-2019 12-31-2020 12-31-2021 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 X Choose from any list or enter any number in the input fields and then continue to the next question. MacBook Air 12-31-2019 12-31-2020 = 12-31-2021 11 Requirement 2. Which method tracks the wear and tear on the equipment most closely? The method tracks wear and tear most closely. Choose from any list or enter any number in the input fields and then continue to the next question. MacBook Air DOO 30 esc # 3 $ 4 % 5 2 C w ER 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. At the end of the equipman's Wonderestimates residual value wil be $6,000. The equipment operated for 525 hours the first year, 1,575 hours the second yea, 2.100 hours the wind you, and 1,000 hours the fourth your Read the requirements w Per C. var Low