Hi! I have two quick questions I need some help with! I've attached them at the bottom. For 8.10 just describe the similarity between the reporting for the two classifications. Also describe the differences in reporting between the two classifications. For 8.15 please answer questions a through g. Thanks!

Three Chemical Companies Seletted Financial Statement Data on Depreciable Assets [amounts in millions} [Problem 8.15} Deprecldale assels atcosl: Beningofyear End ofyear 7'1? mlamd depreclatlnrr. Bej'lnhg of year 584 End of year 1,343 Net Income 33 26? 55 Depreciation expense 2? 323 1'2 Deferred tax llahlllty Iatlng to depledable assels: Begi'lnhg of year 13 26: 33 End of year 9 156 96 hcon'le lax rate 35% 35% 35% Depredatlon melhod nr nancld reporthg Straightline Shamline Sualy'IlE'Ie Depredatlnn med-nod for tax reportlng Accelerated neceleraned Accelerated mwmmmkfummdmmmznmmnmCmmm1Hh|escal Yea-Wm 31,2}DskandhCa-pmmm Form 1n-KfordrthcalYeera-ied Demba-ztm. 1}. Compute the amount each oorrpa'ry mdd report for property. plant, and equ'pment {net} at [he end 11' die year if it had used accelerated {tax repung] depredann instead of straightline depreciaon. f. What radars night explin the difference in average total life ofthe assels of NewMarloei Corpmaon and Din Corpnmon relative to le asset oanma-rln Company? 5. What factors might explah the older avenge age for depreciable assets of NewMarlaei Corpoialion aid Din Corpomon relative to Manama Cu'npany? 3.10 Accounting for AvailabhhrSalc and Trading Marla-tabl- qulity SICIII'iIiIS. Films invest 'n rnarketae securities for a variety of reasons. One of the most common reasons is to temporain irnrest excess cash. Securities that qualify for the auailaHefnr-sale report'ng classication are accounted for di'eren'liy from those that qualify fer the tradhg reparting classication. Describe the sinilarity between the reporting for the two classications. Also describe the diFferences in reporting between the two dassications. Problems and Cases 8.15 Analyzing Disclosures Regarding Fixed Assets. ambit I124 presents selected nmcid statement data fer tl'l'ee cherriml cornparl'e: Monsanto Company, Olin Cm-puratinn. and HIwMarlwt Corporation. {NewMarket was farmed from arnergerdEtfrleorpomdonmdAanCl'Iernical Corpomtinn.) REQUIRED 3. Compute the average total depreciahle life efassels it use fur ear]! lm. h. Compute theaverageage todated'depreciable assets i1 useforeachrmattheendof the year. c. Cunputeleannurtnfdep'edatinn enpenserecognieed fortaxpurpnfnread'lnn for the year un'ng ue amount of the defened taxes liabiity related to depreciation tining differences. II. Compute the amount pf net income for the year for each lm assuming that\" depreciatiun expense for fnancial reporting equds the amuurt corrputed in Requirement 1: for tax reporting