Amount of depreciation for chicken company, accounting homework help

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Note:

2.Which
method tracks the wear and tear on the equipment most?

3.
Depreciation schedule must be prepared.


Requirement
1.

Prepare
a schedule of depreciation
expense

per
year for the equipment under the three depreciation methods. Begin
with straight-line depreciation.

Crackling
Fried Chicken bought equipment January 2, 2010 for 33,000 dollars.

The
equipment was expected to remain in service 4 years and to perform
7,500 fry jobs.

At
the end of the equipments useful life, Cracklin estimates that its
residual value will be 3,000.

The
equipment performed 750 jobs the first year, 2, 250 the second year, 3, 000 the third year and

1,500
the fourth year.

Requirements:

PREPARE
a schedule of depreciation expense per year under the 3 depreciation
methods.

Begin
with straightline depreciation.

St_________
– ___________ = _____ Divided by _________ = Depreciation
expence

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