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Culver Company and Pronghorn Company are two companies that are simalar in many respects. One difference is that Culver On January 2, 2020, both companies
Culver Company and Pronghorn Company are two companies that are simalar in many respects. One difference is that Culver On January 2, 2020, both companies acquired the depreclable assets shown below. Including the appropriate depreciation charges, annual net income for the companies in the vears 2020, 2021, and 2022 and total incorne for the 3 years were as follown. At December 31. 2022, the balance sheets of the two companies are similar cecept that Prondhorn Compuny his more canh than Culver Company, and net property, plant, and equigment are different. Determine the annual depreciation recorded by each company during the 3 years. Determine the total accumulated depreciation recorded by each company during the 3 years
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