he company founder hires us as consultants and asks that we oversee the accounting for new equipment purchased on January 1. The founder wants to know the implications of different depreciation methods and estimates for the company's financial statements. Those statements will be used to attract financing from new investors and creditors. At the end of the equipment's first year in operation, we are given the following TableauAssume the company uses straight-line depreciation for the equipment. At the beginning of the second year, we determine that the equipment has only two more years of remaining useful life. For Firm E, compute the equipment's book value at the end of its first year. Important! Be sure to click the correct Firm at the top of the dashboard. Firm Book Value at the End of Year 1: E Cost E Accumulated depreciation after Year 1 E Book value at point of revision