Consider the following: (Click the icon to view the information.) Read the requirements. Requirement 1. For each depreciation method, prepare a depreciation schedule showing asset cost, depreciation expense, accumulated depreciation, and asset book value for each year of the asset's life. For the units of production method, round depreciation per unit to three decimal places Before completing the straight-line depreciation schedule, calculate the straight-line depreciation rate One year Useful life = (SL) Depreciation rate Complete the Straight-Line Depreciation Schedule. Begin by filling out the schedule through 2019, and then complete the schedule by entering the amounts through 2022. Straight-Line Depreciation Schedule Depreciation Depreciable Depreciation Rate Cost Expense Accumulated Depreciation Asset Book Value Date Asset Cost January 3, 2018 December 31, 2018 December 31, 2019 Choose from any list or enter any number in the input fields and then continue to the next question, Consider the following: (Click the icon to view the information.) Read the requirements. Straight-Line Depreciation Schedule Depreciation Depreciable Depreciation Rate Cost Expense Accumulated Depreciation Asset Book Value Date Asset Cost January 3, 2018 December 31, 2018 December 31, 2019 December 31, 2020 December 31, 2021 December 31, 2022 Before completing the units of production (UOP) depreciation schedule, calculate the depreciation expense per unit. (Round depreciation per unit to three decimal places.) Depreciable Total unit cost output = Depreciation per unit Choose from any list or enter any number in the input fields and then continue to the next question Consider the following: (Click the icon to view the information.) Asset Book Value Read the requirements Double-Declining Balance (DDB) Depreciation Schedule DDB Asset Book Depreciation Accumulated Date Asset Cost Rate Value Expense Depreciation January 3, 2018 December 31, 2018 December 31, 2019 December 31, 2020 December 31, 2021 December 31, 2022 Requirement 2. Azul Enterprises, Inc., prepares financial statements using the depreciation method that reports the highest income in the early years of asset use. For income tax purposes, the company uses the depreciation method that minimizes income taxes in the early years. Consider the first year Azul Enterprises, Inc., uses the equipment. Identify the depreciation methods that meet Azul Enterprises' objectives, assuming the income tax authorities permit the use of any method method, which produces the depreciation for that year. The method that minimizes income taxes in The depreciation method that maximizes reported net income in the first year of the computer's life is the the first year is the method, which produces the depreciation amount for that year. Choose from any list or enter any number in the input fields and then continue to the next question. Requirement 2. Azul Enterprises, Inc., prepares financial statements using the depreciation method that reports the highest income in the early years of asset use. For income tax purposes, the company uses the depreciation method that minimizes income taxes in the early years. Consider the first year Azul Enterprises, Inc., uses the equipment. Identify the depreciation methods that meet Azul Enterprises' objectives, assuming the income tax authorities permit the use of any method depreciation for that year. The method that minimizes income taxes in The depreciation method that maximizes reported net income in the first year of the computer's life is the method, which produces the the first year is the method, which produces the depreciation amount for that year. Requirement 3. Show how Azul Enterprises, Inc., would report equipment on the December 31, 2018, balance sheet for each depreciation method. UOP December 31, 2018: DDB Choose from any list or enter any number in the input fields and then continue to the next question. i More Info es financia nsider the f s, the cc ning the ted net inc On January 3, 2018, Azul Enterprises, Inc., paid $184,600 for equipment used in manufacturing automotive supplies. In addition to the basic purchase price, the company paid $1,200 for transportation charges, $1,000 for insurance for the equipment while in transit, $11,400 sales tax, and $1,800 for a special platform on which to place the equipment in the plant. Management of Azul Enterprises, Inc., estimates that the equipment will remain in service for five years and have a residual value of $20,000. The equipment will produce 90,000 units the first year, with annual production decreasing by 5,000 units during each of the next four years (i.e., 85,000 units in year 2; 80,000 units in year 3; and so on, for a total of 400,000 units). In trying to decide which depreciation method to use, Azul Enterprises, Inc., requested a depreciation schedule for each of the three depreciation methods (straight-line, units of production, and double-declining balance). that ye: method, w mc., would Print Done