value will be $$6,000.$ The equipment operated for $675$ hours the first year, $2,025$ hours the second year, $2,700$ hours the third year, and $1,350$ hours the fourth year.

Read the requirements. computations. Note: Three depreciation schedules must be prepared.

Begin by preparing a depreciation schedule using the straight$-$line method.

Straight$-$Line Depreciation Schedule

$\backslash$table$[[$Date$,\backslash$table$[[$Asset$],[$Cost$]],$Depreciation for the Year,$\backslash$table$[[$Accumulated$],[$Depreciation$]],\backslash$table$[[$Book$],[$Value$]]],[\backslash$table$[[$Depreciable$],[$Cost$]],,\backslash$table$[[$Useful$],[$Life$]],,\backslash$table$[[$Depreciation$],[$Expense$]]],[1-2-2024,,,,,,.,\frac{4}{4},],[12-31-2024,,,,,=,,,],[12-31-2025,,,+,,=,,,],[12-31-2026,,,+,-,=,,,],[12-31-2027,,,+,,=,,,]]$

Requirements

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.

Which method tracks the wear and tear on the equipment most closely?

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