Question: I need help asap please Crispy Fried Chicken bought equipment on January 2, 2024, for $33,000. The equipment was expected to remain in service for

I need help asap please
I need help asap please Crispy Fried Chicken bought equipment on January
2, 2024, for $33,000. The equipment was expected to remain in service
for four years and to operato for 6 750 hours. At the
end of the equipment's useful life, Crispy estimates that its residual value
will be $6,000 The equipment operated for 675 hours tho first year
2,025 hours the second year 2,700 hours the third year, and 1,350

Crispy Fried Chicken bought equipment on January 2, 2024, for $33,000. The equipment was expected to remain in service for four years and to operato for 6 750 hours. At the end of the equipment's useful life, Crispy estimates that its residual value will be $6,000 The equipment operated for 675 hours tho first year 2,025 hours the second year 2,700 hours the third year, and 1,350 hours the fourth year. Read the requirements 10. Requirements - Du an he 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? 09 Print Done Date Cost Cost Life Expense Depreciation Value 33,000 S 1-2-2024 $ 12-31-2024 S 4 years S 12-31-2025 4 years 27,000 + 27,000 27,000 - 27,000 + 6,750 $ 6,750 6,750 6,750 33,000 26,250 19,500 12,750 6,000 6,750 13,500 20,250 27,000 12-31-2026 4 years 4 years 12-31-2027 Before calculating the units-of-production depreciation schedule, calculate the depreciation expense per unit. Select the formula, then enter the amounts and calculate the depreciation expense per unit. Cost Residual value Useful life in units Depreciation per unit 33,000 6,000 6,750 ($ Prepare a depreciation schedule using the units-of-production method. Prepare a depreciation schedule using the units-of-production method. Units-of-Production Depreciation Schedule Depreciation for the Year Asset Depreciation Number of Depreciation Accumulated Date Cost Per Unit Units Expense Depreciation 1-2-2024 S 33,000 Book Value 33,000 Date Cost Per Unit Units Expense Depreciation Value 1-2-2024 $ 33,000 S 33,000 12-31-2024 $ 675 S X 2,700 4050 4 X 1350) = 5400 8100 12-31-2025 12-31-2026 X 2025 11 8100 12150 12-31-2027 4 x 2700 10800 16200

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