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Hearty Fried Chicken bought equipment on January 2, 2018, for $15,000. The equipment was expected to remain in service for four years and to operate for 2,400 hours. At the end of the equipment's useful life, Hearty estimates that its residual value will be $3,000. The equipment operated for 240 hours the first year, 720 hours the second year, 960 hours the third year, and 480 hours the fourth year. Read the requirements. Prepare a depreciation schedule using the double-declining-balance (DDB) method. (Enter a “0” for any items with a zero value.) Double-Declining-Balance Depreciation Schedule Depreciation for the Year Depreciation | Accumulated Book Asset Book DDB Depreciation Value Date Cost Value Rate Expense 1-2-2018 12-31-2018 х %3D 12-31-2019 х 12-31-2020 12-31-2021

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