0 The following occurred during the month of January at Gary Brown Construction: (Click the icon to view the problem statement and data.) Required 1. Assurning Gary Brown Construction amortizes this crane individually prepare an amortization schedule for each of the three amortization methods listed, showing asset cost, amortization expense, accumulated amortization, and asset book value. Assume a December 31 year end. 2. Gary Brown Construction prepares financial statements for its bankers using the amortization method that maximizes reported income in the early years of asset use. Identify the amortization method that meets the company's objective. Complete the Straight-Line Amortization Schedule. Start by completing the first two years. (Enter the rate to two decimal places. Round the amortization expense to the nearest whole number.) orary Asset Straight-Line Amortization Schedule Amortization Amortizable Amortization Accumulated Rate Cost Expense Amortization Asset Book Value Cost Text a urces e Text Dato January 4, 2020 December 31, 2020 December 31, 2021 December 31, 2022 December 31, 2023 urces idy Units-of-Production Amortization Schedule Asset Amortization Number of Amortization Accumulated Asset Date Cost Per Hour Hours Expense Amortization Book Value January 4, 2020 December 31, 2020 December 31, 2021 December 31, 2022 December 31, 2023 Before completing the double-declining-balance schedule, calculate the double-declining balance rate. (Round the rate to two dec SL Amortization DDB rate Enter any number in the edit fields and then continue to the next question. 1 Double-Declining-Balance (DDB) Amortization Schedule Asset DDB Asset Book Amortization Accumulated Cost Rate Value Expense Amortization Asset Book Value Date January 4, 2020 December 31, 2020 December 31, 2021 December 31, 2022 December 31, 2023 0 The following occurred during the month of January at Gary Brown Construction: (Click the icon to view the problem statement and data.) Required 1. Assurning Gary Brown Construction amortizes this crane individually prepare an amortization schedule for each of the three amortization methods listed, showing asset cost, amortization expense, accumulated amortization, and asset book value. Assume a December 31 year end. 2. Gary Brown Construction prepares financial statements for its bankers using the amortization method that maximizes reported income in the early years of asset use. Identify the amortization method that meets the company's objective. Complete the Straight-Line Amortization Schedule. Start by completing the first two years. (Enter the rate to two decimal places. Round the amortization expense to the nearest whole number.) orary Asset Straight-Line Amortization Schedule Amortization Amortizable Amortization Accumulated Rate Cost Expense Amortization Asset Book Value Cost Text a urces e Text Dato January 4, 2020 December 31, 2020 December 31, 2021 December 31, 2022 December 31, 2023 urces idy Units-of-Production Amortization Schedule Asset Amortization Number of Amortization Accumulated Asset Date Cost Per Hour Hours Expense Amortization Book Value January 4, 2020 December 31, 2020 December 31, 2021 December 31, 2022 December 31, 2023 Before completing the double-declining-balance schedule, calculate the double-declining balance rate. (Round the rate to two dec SL Amortization DDB rate Enter any number in the edit fields and then continue to the next question. 1 Double-Declining-Balance (DDB) Amortization Schedule Asset DDB Asset Book Amortization Accumulated Cost Rate Value Expense Amortization Asset Book Value Date January 4, 2020 December 31, 2020 December 31, 2021 December 31, 2022 December 31, 2023