do problem 1 and 2

Problem 1-Depreciation Expense- Straight-Line/Units of Prod/Declining Balance 10 Pis Van Go Co. has just purchased a piece of equipment that will be used in its manufacturing process and is considering three different depreciation alternatives. The equipment cost is $500,000. The useful 1life of the equipment is 4 years. The estimated salvage value is $50,0o0. The factory manager estimates the machine will produce 100,000 units of product during its life. Instructions: Using the schedules provided. Calculate annual depreciation expense for ench year under the following methods. Be sure to SHIOW YOUR CALCULATIONS ON APPLICABLE SCHEDULE: 1) Straight-Line Method 2) Units of Production Method- Assuming they produced in Year 1 (30,000 units); Year 2 (40,000 units); Year 3 (20,000 units); Year 4 (10,000 units). 3) Double Declining-Balance Method Problem 2-Accounts Receivable- Uncollectible Accounts (6 Pts) Juan More Taco Inc. has accounts receivable balance of $160,000 at December 31, 2017. A historical analysis of the percentage of uncollectible accounts in each age category reveals the following: Not past due 1-30 days past due 31-60 days past due 61+ days past due $100,000 40,000 15,000 1% 5% 10% 25% 5,000 in December 31, 2017, the allowance for Doubtful Accounts has an unadjusted credit balance of $1,500. June 30, 2018, it is determined that that Bank Rupp's receivable totaling $2,300 (created in 2017) is uncollectible that the account should be written off. ctions: nate the required balance of the allowance for doubtful accounts at December 31, 2017 using the aging of s receivable method. e the adjusting journal entry to record bad debts expense at December 31, 2017 the journal entry to record the subsequent write-off at June 30, 2018 of Bank Rupp's uncollectible accou amount of $2,300. s and post ref. are not required R WORK ON THE APPLICABLE SCHEDULES. CALCULATIONS MADE ON THIS PAC BE GRADED 5