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the laugh factory bought equipmnent on jan 2, 2018 for 15,000$. the equip was expected 2 remain in service for 4yrs & to operate for 3,000 hours. at the end of the euips useful life, the laugh factory estimates that itz residual value will be 3,000$ the equip operated for 300hrs yr1, 900hrs yr2, 1,200hrs yr3, and 600hrs yr4.

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? Begin by preparing a depreciation schedule using the straight-line method. Straight-Line Depreciation Schedule Depreciation for the Year Asset Depreciable Useful Depreciation Accumulated Date Cost Cost Life Expense Depreciation 1-2-2018 Book Value 12-31-2018 12-31-2019 11 12-31-2020 12-31-2021 II 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 )4 = = Prepare a depreciation schedule using the units-of-production method. Book Units-of-Production Depreciation Schedule Depreciation for the Year Asset Depreciation Number of Depreciation Accumulated Date Cost Per Unit Units Expense Depreciation 1-2-2018 12-31-2018 = Value 12-31-2019 Choose from any list or enter any number in the input fields and then continue to the next question. Units-of-Production Depreciation Schedule Depreciation for the Year Asset Depreciation Number of Depreciation Accumulated Date Cost Per Unit Units Expense Depreciation 1-2-2018 Book Value 12-31-2018 12-31-2019 12-31-2020 Xc 12-31-2021 Prepare a depreciation schedule using the double-declining-balance (DDB) method. (Enter a "0" for any items with a zero value.)

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