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part 1&2 pls help! Required information Use the following information for the Exercises below. {The following information applies to the questions displayed below.) Tory Enterprises

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Required information Use the following information for the Exercises below. {The following information applies to the questions displayed below.) Tory Enterprises pays $256,400 for equipment that will last five years and have a $45,400 salvage value. By using the equipment in its operations for five years, the company expects to earn $90,300 annually, after deducting all expenses except depreciation Exercise 8-9 Straight-line depreciation and income effects LO P1 Prepare a table showing income before depreciation, depreciation expense, and net (pretax) Income for each year and for the total five-year period, assuming straight-line depreciation is used. Income Before Depreciation Net (Pretax) Depreciation Expense Income Year 1 Year 2 Year 3 Year 4 Year 5 Totals $ 0 $ 05 0 Exercise 8-10 Double-declining-balance depreciation LO P1 Calculate annual depreciation expenses using double-declining balance method. Prepare a table showing income before depreciation, depreciation expense, and net (pretax) income for each year and for the total five-year period, assuming double-declining balance depreciation Complete this question by entering your answers in the tabs below. Depreciation Income Schedule Computation Calculate annual depreciation expenses using double-declining balance method. Depreciation for the Period End of Period Beginning of Year Period Book Depreciation Annual Accumulated Book Value Rate Value Depreciation Depreciation Year 1 $ 256,400 40% Year 2 Year 3 Year 4 Year 5 Total $ 0 Income Computation > Complete this question by entering your answers in the tabs below. Depreciation Income Schedule Computation Prepare a table showing income before depreciation, depreciation expense, and net (pretax) income for each year and for the total five-year period, assuming double-declining-balance depreciation. (Net loss should be entered with a minus sign.) Income Before Depreciation Net (Pretax) Depreciation Expense Income (Loss) Year 1 Year 2 Year 3 Year 4 Year 5 Totals $ $ 0 $ 0

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