On January 1, 2xx0, Tialys and Salmakia purchased communication equipment at a cost of $130,000. The equipment has an expected residual value of $10,000 and useful life of 3 years or 4,000 hours. 1. Using the S/L method. 2. Using double-declining balance method 3. Using Units of production method (Usage: 20900hrs;2x11,600hrs;221,100hrs ) 3. Using Units of production method (Usage: 2x0900hrs;211,600 hrs; 221,100hrs ) 4. Assume you are using the Units of Production Method. At the beginning of 2xx2, you determine that the useful life of the equipment is actually 6,000 hours. How would depreciation from 2x0 through 22 change? ssets-PlantssetsHomework 2 Disposal of Fixed Assets Using the information from the previous page, assume that on January 1s, 2xx2, Tialys and Salmakia sell the equipment for $25,000. Prepare the journal entry to record the disposal of the equipment. 1. Assume Tialys and Salmakia were using S/L Depreciation Method Assets - Plant Assets Homework 2 Disposal of Fixed Assets Using the information from the previous page, assume that on January 1s,2x2, Tialys and Salmakia sell the equipment for $25,000. Prepare the journal entry to record the disposal of the equipment. 1. Assume Tialys and Salmakia were using S/L Depreciation Method 2. Rather the equipment being sold January 1s, 2x3, assume it was traded for a Venomous Spur worth $60,000. 3. Go back to January 1s1, 2x3, but assume the DDB Depreciation Method was being used prior to the sale. 4. Assume the Units-of-Production method was used. However, after 23, they determined that the useful life was now 6,000 hours instead of 4,000 hours. During 2x3, the equipment was used another 1,500 hours. Please record the 12/31 journal entry to account for the entire year's depreciation. Assets - Plant Assets Homework 3 RelateInventoryTopictoFinancialStatements Find the 2022 Skechers 10-K (if you Google search for it, be sure you are searching for Skechers 2022 10-K, not the 2021 10K ). Find the Balance Sheet ("Consolidated Balance Sheets") and the Income Statement ("Consolidated Statements of Earnings"). Note Nike FY ends on May 31, while Skechers FY ends on Dec 31. Despite the different FYEs, please compare still Nike's 2022 numbers to Skechers' 2022 numbers for the questions below. Please remember that fixed assets are listed as "Property, Plant, \& Equipment" or "PPE". Also, please use net earnings, not only US-based earnings. Please round your answers to two digits. 1. Calculate Skechers 2022 Return on Assets (ROA): 2. Calculate Skechers 2022 Fixed Asset Turnover: 3. Between Nike and Skechers, which is more efficiently using total assets? 4. Between Nike and Skechers, which is more efficiently using fixed assets? On January 1, 2xx0, Tialys and Salmakia purchased communication equipment at a cost of $130,000. The equipment has an expected residual value of $10,000 and useful life of 3 years or 4,000 hours. 1. Using the S/L method. 2. Using double-declining balance method 3. Using Units of production method (Usage: 20900hrs;2x11,600hrs;221,100hrs ) 3. Using Units of production method (Usage: 2x0900hrs;211,600 hrs; 221,100hrs ) 4. Assume you are using the Units of Production Method. At the beginning of 2xx2, you determine that the useful life of the equipment is actually 6,000 hours. How would depreciation from 2x0 through 22 change? ssets-PlantssetsHomework 2 Disposal of Fixed Assets Using the information from the previous page, assume that on January 1s, 2xx2, Tialys and Salmakia sell the equipment for $25,000. Prepare the journal entry to record the disposal of the equipment. 1. Assume Tialys and Salmakia were using S/L Depreciation Method Assets - Plant Assets Homework 2 Disposal of Fixed Assets Using the information from the previous page, assume that on January 1s,2x2, Tialys and Salmakia sell the equipment for $25,000. Prepare the journal entry to record the disposal of the equipment. 1. Assume Tialys and Salmakia were using S/L Depreciation Method 2. Rather the equipment being sold January 1s, 2x3, assume it was traded for a Venomous Spur worth $60,000. 3. Go back to January 1s1, 2x3, but assume the DDB Depreciation Method was being used prior to the sale. 4. Assume the Units-of-Production method was used. However, after 23, they determined that the useful life was now 6,000 hours instead of 4,000 hours. During 2x3, the equipment was used another 1,500 hours. Please record the 12/31 journal entry to account for the entire year's depreciation. Assets - Plant Assets Homework 3 RelateInventoryTopictoFinancialStatements Find the 2022 Skechers 10-K (if you Google search for it, be sure you are searching for Skechers 2022 10-K, not the 2021 10K ). Find the Balance Sheet ("Consolidated Balance Sheets") and the Income Statement ("Consolidated Statements of Earnings"). Note Nike FY ends on May 31, while Skechers FY ends on Dec 31. Despite the different FYEs, please compare still Nike's 2022 numbers to Skechers' 2022 numbers for the questions below. Please remember that fixed assets are listed as "Property, Plant, \& Equipment" or "PPE". Also, please use net earnings, not only US-based earnings. Please round your answers to two digits. 1. Calculate Skechers 2022 Return on Assets (ROA): 2. Calculate Skechers 2022 Fixed Asset Turnover: 3. Between Nike and Skechers, which is more efficiently using total assets? 4. Between Nike and Skechers, which is more efficiently using fixed assets