Adjustment 1: Depreciation of assets Digital Field Day owns three non-current assets as at January 31, 2023. Calculate the total depreciation for the month for each of the 3 assets below using the straight-line method. Round calculations to the nearest whole dollar. Exhibit 1 Equipment Delivery Forklift Truck Date of acquisition 1 1 January 1 January January 2022 2023 2023 Useful life in years 6 10 15 Cost $18,500 $80,000 $34,500 Residual value $5,000 $15,000 $5,500 Adjustment 2: Recognition of insurance Digital Field Day needs to recognise the insurance related to the month of January. Insurance of $2,550 was paid on December 31, 2022, for 6 months. Adjustment 3: Recognition of advertising_ Digital Field Day needs to recognise the advertising related to the month of January. Advertising for a 6-month period was paid to Google for $1,450 and to YouTube for $2,000 on 31 December 2022. Adjustment 4: Wages Owing Wages owing but not yet paid as at 31 January were $870.Adjustment 5: Recognition of rent Digital Field Day needs to recognise the rent related to the month of January. Refer transaction on January 1. Adjustment 6: Recognition of interest expense Digital Field Day needs to recognise the interest expense related to the loan for the month of January. Interest is accrued on a daily basis. Refer transaction on January 1. Round calculation to the nearest whole dollar.Equipment Delivery Forklift Truck Date of acquisition 01/01/2022 01/01/2023 1/01/2023 Useful life in years 6 10 15 Cost $18,500 $80,000 $34,500 Residual value $5,000 $15,000 $5,500 Depreciable amount Annual depreciation Accumulated Nil Nil depreciation as at 31/12/2022 Useful life consumed in Nil Nil years as at 31/12/2022 Depreciation expense for the month January Accumulated depreciation as at EA EA EA 31/01/2023Assume the diminishing balance method resulted in the depreciation expense of $288 for the month of February. When changing to diminishing balance from straight-line: The depreciation expense will be Select alternative The profit will be Select alternative + by the amount of $ Select alternative , The total assets will be Select alternative + , The equipment will be Select alternative + , The accumulated depreciation will be Select alternative + and The equipment's carrying amount will be Select alternative ii). Can Digital Field Day change from the straight-line to the diminishing balance method? Select alternative + , accounting standards Select alternative + a business to choose the depreciation method for a Select alternative