Identify a type of company in your pathway that might purchase fixed assets

A company in my pathway that might purchase fixed assets is Bank of America.

List 5 fixed assets that they might purchase to run their business.

1. Furniture (filing cabinets, sofas, desks, chairs etc.) 2. ATM Machines 3. Computer Equipment (routers, servers.) 4. Computer Software (only the most expensive types) 5. Office Equipment (photocopiers, fax machines, postage meter etc.)

I answered the top two questions, but have to answer the others listed below.

Select one depreciable fixed asset. Based on research suggest what the cost, residual value and estimated life might be for that fixed asset.

Using your assumptions above, calculate:

Straight-line depreciation and book value for each of the first two years

Declining Balance depreciation and book value for each of the first two years

Units of Production depreciation (make assumptions about the first two years use), and book value for each of the first two years.

Suggest which depreciation method might be more appropriate and why.