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Marigold Company and Martinez Company are two companies that are similar in many respects, One difference is that Marigold Company uses the straight-line method and

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Marigold Company and Martinez Company are two companies that are similar in many respects, One difference is that Marigold Company uses the straight-line method and Martinez Company uses the declining-balance method at double the straight-line rate. On January 2, 2020, both companies acquired the depreciable assets shown below. Including the appropriate depreciation charges, annual net income for the companies in the years 2020, 2021, and 2022 and total income for the 3 years were as follows. At December 31, 2022, the balance sheets of the two companies are similar except that Martinez Company has more cash than Marigold Company, and net property, plant, and equipment are different. Lynda Peace is interested in buying one of the companies. She comes to you for advice. Answer the following. Determine the annual depreciation recorded by each company during the 3 years. Determine the total accumulated depreciation recorded by each company during the 3 years. Assuming that Martinez Company also uses the straight-line method of depreciation instead of the declining-balance method as in (a), prepare comparative income data for the 3 years

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