Consider the following: (Click the icon to view the information.) Before completing the double-declining balance (DDB) schedule, calculate the double-declining balance rate. Ruiz Enterprises, Inc., uses the equipment. Identify the depreciation methods that meet Ruiz Enterprises' objectives, assuming the income tax authorities permit the use of any method. The depreciation method that maximizes reported net income in the first year of the computer's life is the method, which produces the depreciation for that year. The method that minimizes income taxes in the first year is the method, which depreciation amount for that year. Requirement 3. Show how Ruiz Enterprises, Inc., would report equipment on the December 31,2018 , balance sheet for each depreciation method. More info On January 1, 2018, Ruiz Enterprises, Inc., paid $235,700 for equipment used in manufacturing automotive supplies. In addition to the basic purchase price, the company paid $900 for transportation charges, $700 for insurance for the equipment while in transit, $11,000 sales tax, and $1,700 for a special platform on which to place the equipment in the plant. Management of Ruiz Enterprises, Inc., estimates that the equipment will remain in service for five years and have a residual value of $25,000. The equipment will produce 60,000 units the first year, with annual production decreasing by 5,000 units during each of the next four years (i.e., 55,000 units in year 2; 50,000 units in year 3 ; and so on, for a total of 250,000 units). In trying to decide which depreciation method to use, Ruiz Enterprises, Inc., requested a depreciation schedule for each of the three depreciation methods (straight-line, units of production, and double-declining balance)