1) Use the following chart : General info: Luxury car purchase Cost Est residual value Dep. Cost Est. useful life: a) accounting periods b) KM Expected $ $ X 100,000.00 10,000.00 15 Years. 500,000 KM a) Create a Depreciation schedule using the Straight-line method (report cost to be depreciated, depreciation rate, depreciation expense, accumulated depreciation, and book value). Also report a figure (plot) of the book value in dollars and depreciation per year as a function. [ 15 marks] b) Create a Depreciation schedule using the Units of production method (report cost to be depreciated, depreciation rate, depreciation expense, accumulated depreciation, and book value). Also report a figure (plot) of the book value in dollars and depreciation per year as a function. (Assume your own units over the 15-year period ) [ 15 marks] c) Create a Depreciation schedule using the DDB method (report cost to be depreciated, depreciation rate, depreciation expense, accumulated depreciation, and book value). Also report a figure (plot) of the book value in dollars and depreciation per year as a function. [ 15 marks] d) Compare and contrast each method. Explain which method is the most efficient in which type of tax scenario as discussed in class. [10 marks]

1) Use the following chart: a) Create a Depreciation schedule using the Straight-line method (report cost to be depreciated, depreciation rate, depreciation expense, accumulated depreciation, and book value). Also report a figure (plot) of the book value in dollars and depreciation per year as a function. [ 15 marks] b) Create a Depreciation schedule using the Units of production method (report cost to be depreciated, depreciation rate, depreciation expense, accumulated depreciation, and book value). Also report a figure (plot) of the book value in dollars and depreciation per year as a function. (Assume your own units over the 15-year period ) [ 15 marks] c) Create a Depreciation schedule using the DDB method (report cost to be depreciated, depreciation rate, depreciation expense, accumulated depreciation, and book value). Also report a figure (plot) of the book value in dollars and depreciation per year as a function. [ 15 marks] d) Compare and contrast each method. Explain which method is the most efficient in which type of tax scenario as discussed in class. [10 marks] 1) Use the following chart: a) Create a Depreciation schedule using the Straight-line method (report cost to be depreciated, depreciation rate, depreciation expense, accumulated depreciation, and book value). Also report a figure (plot) of the book value in dollars and depreciation per year as a function. [ 15 marks] b) Create a Depreciation schedule using the Units of production method (report cost to be depreciated, depreciation rate, depreciation expense, accumulated depreciation, and book value). Also report a figure (plot) of the book value in dollars and depreciation per year as a function. (Assume your own units over the 15-year period ) [ 15 marks] c) Create a Depreciation schedule using the DDB method (report cost to be depreciated, depreciation rate, depreciation expense, accumulated depreciation, and book value). Also report a figure (plot) of the book value in dollars and depreciation per year as a function. [ 15 marks] d) Compare and contrast each method. Explain which method is the most efficient in which type of tax scenario as discussed in class. [10 marks]