For total of all four years, the four methods have the same total depreciation expense and therefore no effect on profit: but there is effect in each vear. The higher the depreciation expense in year one, the lower the [profit for that Note: years referred to in this problem are asset years-twelve month periods not fiscal years if a company uses a calendar fiscal year ending 12/31/2xxx, then a four year asset into service on March 6,2x1 would have depreciation in 10 months of 21 [March through December] 12 months of 22,23,&24, plus two months of 25. Five different fiscal years Note: years referred to in this problem are asset years-twelve month periods not fiscal years if a company uses a calendar fiscal year ending 12/31/2xxx, then a four year asset into service on March 6,2x1 would have depreciation in 10 months of 2x1 [March through December] 12 months of 22,23,&2x4, plus two months of 25. Five different fiscal years \begin{tabular}{|l|l|} \hline Data Section & \#3 \\ \hline \end{tabular} Mach6 Change in Estimate from #1 after year two to info below [five year schedule -_stayed straight line method For SL method: Show depreciation schedule for each of the five years with change in estimate after year 2 (change in yrs. 3.4.5 \begin{tabular}{|l|l|l|} \hline 1 & ACC210 / Depreciation \\ \hline 2 & Ch.9 HW \\ \hline 3 & Student Production Company \\ \hline 4 & Depreciation-GAAP-MACRS & \\ \hline \end{tabular} For total of all four years, the four methods have the same total depreciation expense and therefore no effect on profit; but there is effect in each year. The higher the depreciation expense in year one, the lower the [profit for that year. To Do: 9. Data Section b II1 Depreciation using SL, DDB, Units - 4 year life c Journal entry for depreciation for method with lowest depreciation in first year d \# 3 change in Estimate using SL. is Mach 6 Prepare depreciation schedule for each of the three methods Note: years referred to in this problem are asset years-twelve month periods not fiscal years If a company uses a calendar fiscal year ending 12/31/2xxx, then a four year asset into service on March 6,21 would have depreciation in 10 months of 2x1 [March through December] 12 months of 22,23,&24, plus two months of 25. Five different fiscal years Note: years referred to in this problem are asset years-twelve month periods not fiscal years If a company uses a calendar fiscal year ending 12/31/2xxx, then a four year asset into service on March 6,21 would have depreciation in 10 months of 21 [March through December] 12 months of 22,23,824, plus two months of 25. Five different fiscal years 1 ACC210 / Depreciation Ch.9 HW Student Production Company Depreciation-GAAP-MACRS 3/26/23 For total of all four years, the four methods have the same total depreciation expense and therefore no effect on profit; but there is effect in each year. The higher the depreciation expense in year one, the lower the [profit for that year. To Do: b \#1 Depreciation using SL, DDB, Units - 4 year life c Journal entry for depreciation for method with lowest depreciation in first year d - \# 3 change in Estimate using SL 17 Student Production Company 18 Mach6 Prepare depreciation schedule for each of the three methods Note: years referred to in this problem are asset years-twelve month periods not fiscal years If a company uses a calendar fiscal year ending 12/31/2xxx, then a four year asset into service on March 6,2x1 would have depreciation in 10 months of 21 [March through December] 12 months of 22,23,&24, plus two months of 25. Five different fiscal years Note: years referred to in this problem are asset years twelve month periods not fiscal years if a company uses a calendar fiscal year ending 12/31/2xxx, then a four year asset into service on March 6,21 would have depreciation in 10 months of 21 (Mareh through December] 12 months of 22,23,824, plus two months of 25. Five different fiscal years For total of all four years, the four methods have the same total depreciation expense and therefore no effect on profit: but there is effect in each vear. The higher the depreciation expense in year one, the lower the [profit for that Note: years referred to in this problem are asset years-twelve month periods not fiscal years if a company uses a calendar fiscal year ending 12/31/2xxx, then a four year asset into service on March 6,2x1 would have depreciation in 10 months of 21 [March through December] 12 months of 22,23,&24, plus two months of 25. Five different fiscal years Note: years referred to in this problem are asset years-twelve month periods not fiscal years if a company uses a calendar fiscal year ending 12/31/2xxx, then a four year asset into service on March 6,2x1 would have depreciation in 10 months of 2x1 [March through December] 12 months of 22,23,&2x4, plus two months of 25. Five different fiscal years \begin{tabular}{|l|l|} \hline Data Section & \#3 \\ \hline \end{tabular} Mach6 Change in Estimate from #1 after year two to info below [five year schedule -_stayed straight line method For SL method: Show depreciation schedule for each of the five years with change in estimate after year 2 (change in yrs. 3.4.5 \begin{tabular}{|l|l|l|} \hline 1 & ACC210 / Depreciation \\ \hline 2 & Ch.9 HW \\ \hline 3 & Student Production Company \\ \hline 4 & Depreciation-GAAP-MACRS & \\ \hline \end{tabular} For total of all four years, the four methods have the same total depreciation expense and therefore no effect on profit; but there is effect in each year. The higher the depreciation expense in year one, the lower the [profit for that year. To Do: 9. Data Section b II1 Depreciation using SL, DDB, Units - 4 year life c Journal entry for depreciation for method with lowest depreciation in first year d \# 3 change in Estimate using SL. is Mach 6 Prepare depreciation schedule for each of the three methods Note: years referred to in this problem are asset years-twelve month periods not fiscal years If a company uses a calendar fiscal year ending 12/31/2xxx, then a four year asset into service on March 6,21 would have depreciation in 10 months of 2x1 [March through December] 12 months of 22,23,&24, plus two months of 25. Five different fiscal years Note: years referred to in this problem are asset years-twelve month periods not fiscal years If a company uses a calendar fiscal year ending 12/31/2xxx, then a four year asset into service on March 6,21 would have depreciation in 10 months of 21 [March through December] 12 months of 22,23,824, plus two months of 25. Five different fiscal years 1 ACC210 / Depreciation Ch.9 HW Student Production Company Depreciation-GAAP-MACRS 3/26/23 For total of all four years, the four methods have the same total depreciation expense and therefore no effect on profit; but there is effect in each year. The higher the depreciation expense in year one, the lower the [profit for that year. To Do: b \#1 Depreciation using SL, DDB, Units - 4 year life c Journal entry for depreciation for method with lowest depreciation in first year d - \# 3 change in Estimate using SL 17 Student Production Company 18 Mach6 Prepare depreciation schedule for each of the three methods Note: years referred to in this problem are asset years-twelve month periods not fiscal years If a company uses a calendar fiscal year ending 12/31/2xxx, then a four year asset into service on March 6,2x1 would have depreciation in 10 months of 21 [March through December] 12 months of 22,23,&24, plus two months of 25. Five different fiscal years Note: years referred to in this problem are asset years twelve month periods not fiscal years if a company uses a calendar fiscal year ending 12/31/2xxx, then a four year asset into service on March 6,21 would have depreciation in 10 months of 21 (Mareh through December] 12 months of 22,23,824, plus two months of 25. Five different fiscal years