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help if you can do it correctly plse The company founder hires us as consultants and asks that we cversee the accounting for new equipment
help if you can do it correctly plse
The company founder hires us as consultants and asks that we cversee the accounting for new equipment purchased on January 1. The founder wants to know the implicatsons of different depreciation methods and estimates for the company's financial statements. Those statements wil 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 Tableau Dashboard Estimated Useful Life of Assets Purchase Price \& Estimated Salvage Value Estimated Useful Life of Purchase Price \& Estimated Salvage Noento Vale Estimated Useful Life of Purchase Price \& Estimated Salvage Assets Value Estimated Useful Life of Purchase Price \& Estimated Salvage Assets Value Actual \& Estimated Units-of-Production Year 1 Production Vear 2 Production Vear 3 Production Actual \& Estimated Units-of-Production Year 1 Production Actual \& Estimated Units-of-Production Year 1 Production Year 2 Production Year 3 Production Actual \& Estimated Units-of-Production Year 1 Production Year 2 Production 1. Calculate the depreciable cost of the equipment on January 1 . 2. Determine the equipment's first-year depreciation under the straight-line method. 3. Determine the equipment's book value at the end of the first year after recording depreciation under the straight-line method. Complete this question by entering your answers in the tabs below. Calculate the depreciable cost of the equipment on January 1. 1. Calculate the depreciable cost of the equipment on January 1 . 2. Determine the equipment's first-year depreciation under the straight-line method. 3. Determine the equipment's book value at the end of the first year after recording depreciation under the straight-line method. Complete this question by entering your answers in the tabs below. Determine the equpment's fint-year depreciation under the straight-ine method. 1. Calculate the depreciable cost of the equipment on January 1 2. Determine the equipment's first-year depreciation under the straight-line method. 3. Determine the equipment's book value at the end of the first year after recording depreciation under the straight-line method Complete this question by entering your answers in the tabs below. Determine the equpmient's book value at the end of the firnt year after recording depreciabion under the straight-line method Step by Step Solution
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