Flash Entertainment is a concert production company. On 1/1/23 the company purchases new sound coups years.

$2.000.000 cash. The expected residuatal.com pan y orpment is $100,000 and the expected useful fife in ceres in The company estimates that the equipmeat u fite el to end use 40 concerts over is useful life (10 concerts in

2023;9 concerts in 2024, 2025, & 2026; and 3 concerts in 2027)

In the boxes below, show the balance of Depreciation Expense on Flash's Income Statements and Accumulated Depreciation on Flash's Balance Sheets for the first to vears of the equipment's useful life. If needed, round your answers to the nearest cent. SHOW YOUR CALCULATIONS BELOW.

PART A-STRAIGHT-LINE DEPRECIATION

Year ended

12/31/23

Year ended

12/31/24

Income Statement

Depreciation Expense

Balance Sheet

Accumulated Depreciation

As of 12/31/23

As of 12/31/24

PART B_ UNITS-OF-ACTIVITY DEPRECIATION

Year ended

12/31/23

Year ended

12/31/24

Income Statement

Depreciation Expense

Balance Sheet

Accumulated Depreciation

As of 12/31/23

As of 12/31/24

PART C_DOUBLE-DECLINING-BALANCE DEPRECIATION

Year ended

12/31/23

Year ended

12/31/24

Income Statement

Depreciation Expense

Balance Sheet

Accumulated Depreciation

As of 12/31/23

As of 12/31/24

GIC 0.5mm HB #2