No need for anything else answered apart from the question below..

Using the facts in the problem, explain why Range has more cash than Givens. In other words, dont fabricate facts.

Thanks!

Broadening Your Perspe Criti Decision-fi ,aking Across the Organization ig BYP9-4 G many resp Runge Co January 2. pany and Runge Company are two companies that are similar in iiference is that Givens Company uses the straight-line method, and s the declining-balance method at double the straight-line rate. On : companies acquired the following depreciable assets. Asset Cost Residual Value Useful Life Baidings 320,000 Equipment 125,000 20,000 10,000 40 years 10 years Including the appropriate depreciation charges, annual net income for the companies in the years 2015, 2016, and 2017 and total income for the 3 years were as follows. 2015 2016 2017 Total Givens Company 84,000 88,400 90,000 E262,400 Runge Company 68,000 76,000 85,000 229,000 At December 31, 2017, the statements of financial position of the two companies are simi- lar except that Runge Company has more cash than Givens Company Linda Yanik is interested in buying one of the companies. She comes to you for advice Instructions With the class divided into groups, answer the following (a) Determine the annual and total depreciation recorded by each company during the 3 years. (b) Assuming that Runge 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. (c) Which company should Linda Yanik buy? Why? Communication Activity BYP9-5 The following was published with the financial statements to American Exploration Company (USA). AMERICAN EXPLORATION COMPANY Notes to the Financial Statements production activities using the successful efforts method of accounting. Under ethod, acquisition costs for proved and unproved properties are capitalized rred. The costs of drilling exploratory wells are capitalized pending of whether each well has discovered proved reserves. If proved reserves such drilling costs are charged to expense.... Depletion of the cost Property, Plant, and Equipment -The Company accounts for its oil and gas exploration ctivity method gas properties is computed on the units-of-a