CHAPTER 9 530 chapter 9 Learning Objective 2 1. Double-declining-balance, 12/31/19, Exp. $8,250 E9-20 Computing depreciation-three methods Crispy Fried Chicken bought equipment on January 2, 2018, for $33,000. The equip ment was expected to remain in service for four years and to operate for 6,750 hours At the end of the equipment's useful life, Crispy's estimates that its residual value will be $6,000. The equipment operated for 675 hours the first year, 2,025 hours the sec 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 book valve 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? iful life and coriduolumlue