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NEED ASAP!! PLEASE AND THANK YOU!! DUE TODAY!!! a. From the information provided in the schedule below, calculate the annual and monthly depreciation expense for

NEED ASAP!! PLEASE AND THANK YOU!! DUE TODAY!!!
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a. From the information provided in the schedule below, calculate the annual and monthly depreciation expense for all of the equipment, assuming an expected useful life of 5 years, using the: straight-line, sum-of-the-years' digits, double-declining balance, and MACRS (3 and 5 year) methods of depreciation. You do not need to calculate monthly expense for the MACRS methods. (as of 6/30/X1) Salvage Unit Cost Value Market Value $ $ $ Truck Wagon Auto 18,000 14,400 12,600 1,800 1,440 1,260 16,000 14,000 12,900 Totals $ 45,000 $ 4,500 $ 42,900 Using Excel, set up and complete the following 5 depreciation schedules: Straight-Line Method Monthly Year-End Expense Book Value Year Annual Expense Cost Accumulated Depreciation 20X1 20X2 20X3 20X4 III 20X5 TOTAL Sum-of-the Years' Digits Method Year Annual Expense Monthly Expense Year-End Book Value Cost Accumulated Depreciation 20X1 20X2 20X3 20X4 20X5 Sum-of-the Years' Digits Method Year Annual Expense Monthly Expense Year-End Book Value Cost Accumulated Depreciation 20X1 20X2 20X3 20X4 20X5 TOTAL Double-Declining Balance Method Year Annual Expense Monthly Expense Year-End Book Value Cost Accumulated Depreciation 20X1 20X2 20X3 20X4 20X5 TOTAL MACRS Method (5-year asset) Year Annual Expense Year-End Book Value Cost Accumulated Depreciation 20X1 20X2 20X3 MACRS Method (5-year asset) Year Annual Expense Year-End Book Value Cost Accumulated Depreciation 20X1 20x2 20X3 20X4 20X5 20X6 TOTAL MACRS Method (3-year asset) Year Annual Expense Year-End Book Value Cost Accumulated Depreciation 20X1 20X2 20X3 20X4 III TOTAL

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