May I just get help with C)

Identifying Depreciation Methods and Preparing Schedules Veto Company bought equipment on January 1, 2020, for $135,000. The expected life is 10 years, and the residual value is $15,000. Based on three acceptable depreciation methods, the annual depreciation expense and balance of accumulated depreciation at the end of 2020 and 2021 a shown below. Case A Case B Case C Annual Accumulated Annual Accumulated Annual Accumulated Year Expense Amount Expense Amount Expense Amount 2020 $27,000 $27,000 $12,000 $12,000 $21,819 $21,819 2021 21,600 48,600 12,000 24,000 19,635 41,454 Required a. Identify the depreciation method used in each case A, B, and C. b. Based on the answer to part a, prepare a depreciation schedule that shows annual depreciation expense and year-end accumulated depreciation and book value over the life of the asset for each case A, B, and C. c. Which method results in the highest net income in year 1? d. Which method results in the highest net income in year 10? Identification of Method Case A Depreciation Schedule Case B Depreciation Schedule Case C Depreciation Schedule Analysis b. Based on the answer to part a, prepare a depreciation schedule that shows annual depreciation expense and year-end accumulated depreciation and book value over the life of the asset for each case A, B, and C. Note: Carry all decimals in calculations; round the final answers in the table below to the nearest dollar. Case A: For the Period End of Period Reporting Depreciation Accumulated Book Period Expense Depreciation Value Jan. 1, 2020 $ 135,000 Dec 31, 2020 $ 27,000 $ 27,000 108,000 Dec. 31, 2021 21.600 48.600 86,400 Dec 31, 2022 17.280 65,880 69.120 Dec 31, 2023 13,824 79.704 55.296 Dec. 31, 2024 11,059 90.763 44,237 Dec 31, 2025 8.847 99.611 35.389 Dec 31, 2026 7,078 106,688 28,312 Dec 31, 2027 5,662 112.351 22.649 Dec 31, 2028 4,530 116.881 18,119 Dec 31, 2029 3.119 120,000 15,000 Identifying Depreciation Methods and Preparing Schedules Veto Company bought equipment on January 1, 2020, for $135,000. The expected life is 10 years, and the residual value is $15,000. Based on three acceptable depreciation methods, the annual depreciation expense and balance of accumulated depreciation at the end of 2020 and 2021 are shown below. Case A Case B Case C Annual Accumulated Annual Accumulated Annual Accumulated Year Expense Amount Expense Amount Expense Amount 2020 $27,000 $27,000 $12,000 $12,000 $21,819 $21,819 2021 21,600 48,600 12,000 24,000 19,635 41,454 Required a. Identify the depreciation method used in each case A, B, and C. b. Based on the answer to part a prepare a depreciation schedule that shows annual depreciation expense and year-end accumulated depreciation and book value over the life of the asset for each case A, B, and C. c. Which method results in the highest net income in year 1? d. Which method results in the highest net income in year 10? Identification of Method Case A Depreciation Schedule Case B Depreciation Schedule Case C Depreciation Schedule Analysis b. Based on the answer to part a, prepare a depreciation schedule that shows annual depreciation expense and year-end accumulated depreciation and book value over the life of the asset for each case A, B, and C. Note: Round each amount in the table to the nearest whole number. Case B: For the Period End of Period Reporting Depreciation Accumulated Book Period Expense Depreciation Value Jan. 1, 2020 $ 135,000 Dec. 31, 2020 $ 12.000 $ 12.000 123,000 Dec. 31, 2021 12,000 24,000 111,000 Dec 31, 2022 12.000 36,000 99,000 Dec. 31, 2023 12.000 48,000 87.000 Dec 31, 2024 12.000 60,000 75,000 Dec 31, 2025 12.000 72.000 63,000 Dec. 31, 2026 12.000 84.000 51,000 Dec. 31, 2027 12.000 96.000 39,000 Dec 31, 2028 12.000 108,000 27,000 Dec. 31, 2029 12.000 120,000 15,000 Identifying Depreciation Methods and Preparing Schedules Veto Company bought equipment on January 1, 2020, for $135,000. The expected life is 10 years, and the residual value is $15,000. Based on three acceptable depreciation methods, the annual depreciation expense and balance of accumulated deprec shown below. Case A Case B Case C Annual Accumulated Annual Accumulated Annual Accumulated Year Expense Amount Expense Amount Expense Amount 2020 $27,000 $27,000 $12,000 $12,000 $21,819 $21,819 2021 21,600 48,600 12,000 24,000 19,635 41,454 Required a. Identify the depreciation method used in each case A, B, and C. b. Based on the answer to part a prepare a depreciation schedule that shows annual depreciation expense and year-end accumulated depreciation and book value over the life of the asset for each case A, B, and C. C. Which method results in the highest net income in year 1? d. Which method results in the highest net income in year 10? Identification of Method Case A Depreciation Schedule Case B Depreciation Schedule Case C Depreciation Schedule Analysis b. Based on the answer to part a, prepare a depreciation schedule that shows annual depreciation expense and year-end accumulated depreciation and book value over the life of the asset for each case A, B, and C. Note: Carry all decimals in calculations; round the final answers in the table below to the nearest dollar. 0 0 0 Case C: For the Period End of Period Reporting Depreciation Accumulated Book Period Expense Depreciation Value Jan 1, 2020 $ Dec 31, 2020 $ 0 $ 0 Dec 31, 2021 0 0 Dec 31, 2022 0 0 Dec 31, 2023 0 0 Dec 31, 2024 0 0 Dec 31, 2025 0 0 Dec 31, 2026 0 0 Dec 31, 2027 0 0 Dec 31, 2028 0 0 Dec. 31, 2029 0 0 0 0 0 0 0 0 0 0