Three depreciation schedules must be prepared. Begin by preparing a depreciation schedule using the straight-line method

Southern Fried Chicken bought equipment on January 2, 2024, for $18,001] The equipment was expected to remain in service for four years and to operate for 5,000 hour. At the end of the equipment's useful life, Southern estimates that its residual value will be $3 The equipment operated for 500 hours the first year, 1 1500 hours the second year, 2,000 hours the third year, and 1 1000 hours the fourth year Read the 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-balanca Show your computation. Pdote: 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 Cost 1-2-2024 $ 12-31-2024 12-31-2025 12-31-202B 12-31-2027 Depreciable Cost Useful Depreciation Accumulated Depreciation 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 ( ) * = Depreciation per unit