10 ng Objective 2 $33.000. The cou Req 1. Clining-balance, 9. Exp. $8,250 E10-20 Computing depreciation-three methods Crispy Fried Chicken bought equipment on January 2, 2018, for $33 ment was expected to remain in service for four years and to opera At the end of the equipment's useful life, Crispy's estimates that its be $6,000. The equipment operated for 675 hours the first year, 2.025 ond year, 2,700 hours the third year, and 1,350 hours the fourth to operate for 6,750 hore that its residual value ar, 2,025 hours the sec Caps Lock Shit Alt Ctrl 00. The equip for 6,750 hours residual value will 025 hours the sec bjective 2 shree methods E10-20 Computing depreciation-three metho Crispy Fried Chicken bought equipment on January 2, 2018, for $33,000. T -balance, $8,250 ment was expected to remain in service for four years and to operate for At the end of the equipment's useful life, Crispy's estimates that its residual be $6,000. The equipment operated for 675 hours the first year, 2,025 hon ond year, 2,700 hours the third year, and 1,350 hours the fourth year. Requirements 1. Prepare a schedule of depreciation expense, accumulated depreciation, and booke value year for the equipment under the three depreciation methods: straight-line. of-production, and double-declining-balance. Show your computations. Note depreciation schedules must be prepared. 2. Which method tracks the wear and tear on the equipment most closely? a book value per