of-production, and double-diminishing-balance). Requirements Requirement 1. Prepare a depreciation schedule for each of the three depreciation methods listed showing asset cost, depreciation expense, accumulated depreciation, and asset carrying amount. amounts to the nearest whole dollar.) Requirements 1. Prepare a depreciation schedule for each of the three depreciation methods listed showing asset cost, depreciation expense, accumulated depreciation, and asset carrying amount. 2. Plumpton Inc. reports to shareholders and creditors in the financial statements using the depreciation method that maximizes reported income in the early years of asset use. Consider the first year Plumpton Inc. uses the computer system. Identify the depreciation method that meets the company's objectives. Discuss the advantages of each depreciation method. Before completing the units-of-production depreciation schedule, calculate the depreciation expense per unit. Select the I Questior Round all other amounts to the nearest whole dollar.) Requirements 1. Prepare a depreciation schedule for each of the three depreciation methods listed showing asset cost, depreciation expense, accumulated depreciation, and asset carrying amount. 2. Plumpton Inc. reports to shareholders and creditors in the financial statements using the depreciation method that maximizes reported income in the early years of asset use. Consider the first year Plumpton Inc. uses the computer system. Identify the depreciation method that meets the company's objectives. Discuss the advantages of each depreciation method. Before completing the double-diminishing-balance schedule, calculate the double-diminishing-balance rate. Select the labe all other amounts to the nearest whole dollar.) Requirements 1. Prepare a depreciation schedule for each of the three depreciation methods listed showing asset cost, depreciation expense, accumulated depreciation, and asset carrying amount. 2. Plumpton Inc. reports to shareholders and creditors in the financial statements using the depreciation method that maximizes reported income in the early years of asset use. Consider the first year Plumpton Inc. uses the computer system. Identify the depreciation method that meets the company's objectives. Discuss the advantages of each depreciation method. Requirement 2. Plumpton Inc. reports to shareholders and creditors in the financial statements using the depreciation mett the computer system. Identify the depreciation method that meets the company's objectives. Discuss the advantages of ead The depreciation method that maximizes reported income in the first year of the computer's life is the method, which produuss the lowest depreciation for that year. The straight-line method allocates the cost of the asset over its estimated useful life. The units-of-production method would allocate of the cost of the asset to each of the documents produced. This method would match