Consider the folowing Click the konto view the information) Requirement. For each depreciation method prepare a depreciation schedule showing asset cast, depreciation expenas accumulated depreciation, and asset book value for each year of the assets te For the units of production method, round depreciation per unit to three decimal places Before completing the straight-line depreciation schedule calculate the right depreciation rate More info On January 1, 2018, and Enterprises, Inc. paid $285,500 for equipment used in manufacturing In addition to the basic purchase price, the company paid $1,000 for transportation charges, $800 force for the equipment while in tranet $11,100 sales tax, and $1,000 for a special platform on which to place the equipment in the plant Management of Bano 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 65,000 units the first year, with annual production decreasing by 5.000 units during each of the next four years (e, 60.000 units in year 2,55.000 units in year 3, and so tal of 275,000 units) in trying to decide which depreciation method to use, Bano Enterprises, requested a depreciation schedule for each of the three depreciation methods (straight line units of production, and double Print Done ng the amounts through 2022 per unit to three decimal places Requirement 1. For each depreciation method, prepare a depreciation schedule showing asset coat, depreciation expense, accumulated depreciation, and asset book value for each year of the assets Me. For the units of production method, round deprecation depreciation, Before completing the straight-line depreciation schedule, calculate the straight depreciation One year Useful ste (SL) Depreciation rate 1 Complete the Straight-Line Depreciaten Schedule Begn by filing out the schedule through 2018, and then complete the schedule by entering the amounts through 2022 Straight-Line Depreciation Schedule Depreciation Depreciable Depreciation Accumulated Inst Asset Cost January 1, 2018 Cost Expense Depreciation Book Value 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 Depreciation per una Complete the Units of Production Depreciation Schedule. Begin by filing out the schedule through 2019, and then complete the schedule by entering the amounts through 2022. (Enter depreciation per unit to three decimal places.) Units of Production Depreciation Schedule Depreciation Number of Depreciation Accumulated Asset Date Asset Cost Per Unit Unit Expense Depreciation Book Value January 1, 2018 December 31, 2018 December 31, 2019 December 31, 2020 December 31, 2021 December 31, 2022 Before completing the double-declining balance (DOB) schedule, calculate the double-declining balance rate SL Depreciation rate 000 rate mutiplier DOB rate Complete the Double-Declining Balance Depreciation Schedule. Begin by fling out the schedule through 2015, and then complete the schedule by entering the amounts through 2022 Double-Declining Balance (DOB) Depreciation Schedule Date January 1, 2018 December 31, 2018) December 31, 2019 December 31, 2020 December 31, 2021 December 31, 2022 Asset Book Depreciation Accumulated Asset Asset Cost Rate Value Expense Depreciation Book Value Requirement 2. 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 saxes in the early years. Consider the first year Bland Enterprises, Inc, uses the equipment identify the depreciation methods that meet Blano Enterprises objectives, assuming the income tax authorbes 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 the method, which produces the method, which produces the Requirement 3. Show how Bano Enterprises, Inc. would report equipment on the December 31, 2018, balance sheet for each depreciation method depreciation for that year. The method that minimizes income taxes in the first year December 31, 2018 SL UOP 000 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 te For the units of production method, round deprecation per unit to three decimal places Before completing the straight-line depreciation schedule, calculate the straight-ederation More info suppl On January 1, 2018, Bano Enterprises, Inc. paid $285,500 for equipment used in manufacturing In adddon to the basic purchase price, the company paid $1,000 for transportation charges, 5800 for insurance for the gument while in transit $11,100 sales tax, and $1,600 for a special platform on which to place the equipment in the have a residual value of $25,000. The equipment will produce 65,000 units the first year, with annual production decreasing by 5.000 units during each of the next four years (e. 60,000 units in year 2.55,000 units in year 3, and so a total of 275,000 units) In trying to decide which depreciation method to use, Blano Enterprises, Inc, requested a depreciation schedule for each of the three depreciation methods (straight-line, units of production, and Print Done ng the amounts through 2022