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I need help with all 3 reqs, please. Consider the following: 1. (Click the icon to view the information.) Read the requirements. Before completing the

I need help with all 3 reqs, please.image text in transcribed

Consider the following: 1. (Click the icon to view the information.) Read the requirements. Before completing the straight-line depreciation schedule, calculate the straight-line depreciation rate. Before completing the units of production (UOP) depreciation schedule, calculate the depreciation expense per unit. (Round depreciation per unit to three decimal places.) 1. For each depreciation method, prepare a depreciation schedule showing asset cost, depreciation expense, Complete the Straight-Line Depreciation Schedule. Begin by filling out the schedule through 2019 , and then complete the schedule by entering the amounts through 2022. method, round depreciation per unit to three decimal places. 2. Rojo Enterprises, Inc., prepares financial statements using the depreciation method that reports the highest income in the early years of asset use. For income tax purposes, the company uses the depreciation metho that minimizes income taxes in the early years. Consider the first year Rojo Enterprises, Inc., uses the equipment. Identify the depreciation methods tax authorities permit the use of any method. depreciation method. More info On January 3, 2018, Rojo Enterprises, Inc., paid $224,100 for equipment used in manufacturing automotive supplies. In addition to the basic purchase price, the company paid $900 for transportation charges, $1,000 for insurance for the equipment while in transit, $11,600 sales tax, and $2,400 for a special platform on which to place the equipment in the plant. Management of Rojo Enterprises, Inc., estimates that the equipment will remain in service for five years and have a residual value of $20,000. The equipment will produce 50,000 units the first year, with annual production decreasing by 5,000 units during each of the next four years (i.e., 45,000 units in year 2 ; 40,000 units in year 3 ; and so on, for a total of 200,000 units). In trying to decide which depreciation method to use, Rojo Enterprises, Inc., requested a depreciation schedule for each double-declining balance)

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