Note:2.Whichmethod tracks the wear and tear on the equipment most?3.Depreciation schedule must be prepared.Requirement1.Preparea schedule of depreciationexpenseperyear for the equipment under the three depreciation methods. Beginwith straight-line depreciation.CracklingFried Chicken bought equipment January 2, 2010 for 33,000 dollars.Theequipment was expected to remain in service 4 years and to perform7,500 fry jobs.Atthe end of the equipments useful life, Cracklin estimates that itsresidual value will be 3,000.Theequipment performed 750 jobs the first year, 2, 250 the second year, 3, 000 the third year and1,500the fourth year.Requirements: PREPAREa schedule of depreciation expense per year under the 3 depreciationmethods.Beginwith straightline depreciation.St_________- ___________ = _____ Divided by _________ = Depreciationexpence