Business, 18.06.2020 21:57 mmsomefood85

Crispy Fried Chicken bought equipment on January 2, 2016, for $ 18 comma 000. The equipment was expected to remain in service for four years and to perform 3 comma 000 fry jobs. At the end of the equipment's useful life, Crispy estimates that its residual value will be $ 3 comma 000. The equipment performed 300 jobs the first year, 900 the second year, 1 comma 200 the third year, and 600 the fourth year. Requirements 1. Prepare a schedule of depreciation expense, accumulated depreciation, and book value per year for the equipment under the three depreciation methods. Show your computations. Note: Three depreciation schedules must be prepared. 2. Which method tracks the wear and tear on the equipment most closely?

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Crispy Fried Chicken bought equipment on January 2, 2016, for $ 18 comma 000. The equipment was expe...