Question: need help with the bottom part in white, i put a drop box to show my options for the top. and then need requirement 2.



Save Homework: Homework Chapter 9 Score: 2.96 of 10 pts 2 of 6 (6 complete) %E9-20 (similar to) HW Score: 83.69%, 83.69 of 100 pts E Question Help Granny's 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 equipment's useful life, Granny's estimates that its residual value will be $6,000. The equipment operated for 525 hours the first year, 1,575 hours the second year, 2,100 hours the third year, and 1,050 hours the fourth year. Read the requirements Requirement 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. 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 Expenso Depreciation Value 1-2-2018 $ 27,000 27.000 12-31-2018 21,000 4 years 5,250 $ 5,250 21,750 12-31-2019 21,000 4 years 5.250 10,500 16,500 12-31-2020 21,000 4 years 5,250 15.750 11.250 12-31-2021 21,000 / 4 years 5.250 21,000 6.000 Life Before calculating the units-of-production depreciation schedule, calculate the depreciation expense por unit. Select the formula, then enter the amounts and calculate the depreciation expense per unit. Choose from any list or enter any number in the input fields and then click Check Answer 3 parts s remaining Clear Al Check Answer Save Homework: Homework Chapter 9 Score: 2.96 of 10 pts
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