I rate good! Bardmen Corp has purchased a new Assembly Machine on Jan 1, 2023 paying 10% of the purchase price in cash and signing a 5 year note for the balance.

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Bardmen Corp has purchased a new Assembly Machine on Jan 1, 2023 pasing 10% of the purchase price in cash and signing a 5 year note for the balance. The following information is known: Prepare a straight-line depreciation schedule using Excel/Sheet formulas for years 1-5. The schedule should start with the purchase date, and include the cost, and for each year: the depreciation expense, the accumulated do cost, and the book value. Round to 2 decimal places. should start with the purchase date, and include the cost, and for each year: the depreciation expense, the accumulated depreciation, the cost, and the book value. Round to 2 decimal places. Prepare a double declining balance depreciation schedule using Excel/Sheet formulas for years 1-5. The schedule should start with the purchase date, and include the cost, and for each year: the depreciation expense, the accumulated depreciation, the cost, and the book value. Round to 2 decimal places. Record the following in the general journal. Link/reference your amounts back to the cells on the depreciation schedule. This will create a functioning effective analysis tool for the business. A. Record the entry for the original purchase on Jan 1, Year 1. B. Record the depreciation journal entry for Dec 31, year 1 for all three methods. 2. Fiecord the fellowing in the coneral joumat. Uni/feforence vour amounts back to the cells on the depreciation sthedule. This will create ofunctioning effective analyses tool for the business. A. Rrcoed the entry for the original purchase on lan 1, Year 1. B. Record the depteciation journat entry for Des 31, year 1 foc all three methods. C. Recend the journal entry for Straightline and DDB if Assembly Machine sold on Jan 1, Year 4, D. Record the journal entry for Unts of Production if Assembly Machine is writfen down due to imparment on Dec 31 Year 2, after depreciation recorded. D. Fecord the journal entry for Units of Production of Assembly Machine a written dow= due to impairment on Dec 31 Year 2, after depreciation recorded. E. Recalculate OvLr the vear 1 depretiation for each method If the machise had been purchased on fune 1 rather than lan 1 . Rocord the new year 1 fournal entey for this change. If no change is needed, pleate recond "no change" in the joumal entry. 3 Deplain your answeis to Hea 26 . Are the reselts ifferent of the same foe the 2 methods and whty? DFScRPTIOEACCONT Drhit condre DFCRIPRIONiACOUST Debit Anwer