Requirement 1. Prepare a schedule of depreciation expense, accumulated depreciation, and book value per year for...

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Requirement 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. Begin by preparing a depreciation schedule using the straight-line method Straight-Line Depreciation Schedule Asset Depreciable Date Cost Cost 1-2-2024 S 39,000 Depreciation for the Year Useful Life 12-31-2024 12-31-2025 12-31-2026 12-31-2027 $ Depreciation Accumulated Expense Depreciation 39,000 4 years 8,250 30,750 4 years 16.600 22,500 4 years 24,750 14,250 4 years 33,000 6.000 Before calculating the units-of-production depreciation schedule, calculate the depreciation expense per unit Select the formula, then enter the amounts and calculate the 33,000 - 33,000 33.000 33,000 S $ 8.260 $ 8.250 8.250 8.250 Book Value ore calculating the units-of-production depreciation schedule, calculate the depreciation expense per unit. Select the formula, then enter the amounts and calculate the preciation expense per unit Cost Depreciation per unit 39,000 Residual value 6,000 $ epare a depreciation schedule using the units-of-production method nits-of-Production Depreciation Schedule S Date 1-2-2024 S 12-31-2024 12-31-2025 12-31-2026 Asset Cost 39,000 Depreciation for the Year Number of Units Depreciation Per Unit Useful life in units 8.250 Depreciation Accumulated Expense Depreciation Book Value Units-of-Production Depreciation Schedule Date Depreciation for the Year Number of Units Asset Depreciation Cost Per Unit 1-2-2024 S 39.000 12-31-2024 12-31-2025 12-31-2026 12-31-2027 Depreciation Expense Ctra Accumulated Book Depreciation Value he requirements of-Prod Date 1-2-202 2-31-202 2-31-2025 2-31-2026 2-31-2027 our yedi. Requirements 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? Print Done MIUM TVE 040 -X Southern Fried Chicken bought equipment on January 2, 2024, for $39,000. The equipment was expected to remain in service for four years and to operate for 8,250 hours. At the end of the equipment's useful Mie, Southern estimates that its residual value will be $6,000. The equipment operated for 825 hours the first year, 2.475 hours the second year, 3,300m hours the third year, and 1,650 hours the fourth year. Read the remont D Requirement 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. Begin by preparing a depreciation schedule using the straight-line method Straight-Line Depreciation Schedule Asset Depreciable Date Cost Cost 1-2-2024 S 39,000 Depreciation for the Year Useful Life 12-31-2024 12-31-2025 12-31-2026 12-31-2027 $ Depreciation Accumulated Expense Depreciation 39,000 4 years 8,250 30,750 4 years 16.600 22,500 4 years 24,750 14,250 4 years 33,000 6.000 Before calculating the units-of-production depreciation schedule, calculate the depreciation expense per unit Select the formula, then enter the amounts and calculate the 33,000 - 33,000 33.000 33,000 S $ 8.260 $ 8.250 8.250 8.250 Book Value ore calculating the units-of-production depreciation schedule, calculate the depreciation expense per unit. Select the formula, then enter the amounts and calculate the preciation expense per unit Cost Depreciation per unit 39,000 Residual value 6,000 $ epare a depreciation schedule using the units-of-production method nits-of-Production Depreciation Schedule S Date 1-2-2024 S 12-31-2024 12-31-2025 12-31-2026 Asset Cost 39,000 Depreciation for the Year Number of Units Depreciation Per Unit Useful life in units 8.250 Depreciation Accumulated Expense Depreciation Book Value Units-of-Production Depreciation Schedule Date Depreciation for the Year Number of Units Asset Depreciation Cost Per Unit 1-2-2024 S 39.000 12-31-2024 12-31-2025 12-31-2026 12-31-2027 Depreciation Expense Ctra Accumulated Book Depreciation Value he requirements of-Prod Date 1-2-202 2-31-202 2-31-2025 2-31-2026 2-31-2027 our yedi. Requirements 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? Print Done MIUM TVE 040 -X Southern Fried Chicken bought equipment on January 2, 2024, for $39,000. The equipment was expected to remain in service for four years and to operate for 8,250 hours. At the end of the equipment's useful Mie, Southern estimates that its residual value will be $6,000. The equipment operated for 825 hours the first year, 2.475 hours the second year, 3,300m hours the third year, and 1,650 hours the fourth year. Read the remont D

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Required 2 The method that tracks the wear and tear on ... View the full answer