On January 5, 2020, Lafond Inc. paid $240,000 for a computer system in addition to the basic purchase price, the company paid a setup fee of $2,500 $4,800 sales tax, and $27,700 for special instatation Management estimates that the computer will remain in service for five years and have a residual value of $25,000 The computer will process 50,000 documents the first year, decreasing annually by 5,000 during each of the next four years (that is 45 000 documents in 2021 40.000 documents is 2022, and so on) In trying to decide which deprecation method to use, the company president has requested a depreciation schedule for each of three depreciation methods (straight line, units of production, and double-diminishing balance) CHO Requirement 1. Prepare a depreciation schedule for each of the three depreciation methods isled showing asset cost, depreciation expense accumulated depreciation, and asset carrying amount Before completing the straight line depreciation schedule, calculate the straight line depreciation rate First, select the labels for the formula and then compute the rate (Round the rate to two decimal places) Useful ten units of production Usafe in years (SL) Depreciation Rate Complete the Straight Line Depreciation Schelde. Begin by fling out the schedule through 2021, and then complete the schedule by entering the amounts through 2004 (Enter the rate to two decimal places. Round all other amounts to the nearest whole dollar) Straight Line Depreciation Schedule Depreciation for the Year Assel Asset Date Cost Rata Depreciation Depreciable Depreciation Cost Accumulated Carrying Depreciation Amount January 53020 December 31, 2028 December 31 2001 December 31, 2022 December 31 2025 December 31 2024