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please answer both DEPRECIATION OF FIXED ASSETS: ASSET INFO: use the following information for all of the depreciation related questions that follow. Keeping Kids Active

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DEPRECIATION OF FIXED ASSETS: ASSET INFO: use the following information for all of the depreciation related questions that follow. Keeping Kids Active Company, Inc makes playground balls for children. KKAC, Inc purchased and began using (placed in service) a piece of equipment to help the company make the balls on MAY 1, 2020. The equipment cost $108,000 to purchase, $2,000 for delivery, and $5,000 for installation. At the time of purchase, KKAC estimates this equipment will be used for 5 years and have a salvage value of $15,000. KKAC expects to make 500,000 playground balls in total with this equipment. DEPRECIATION OF FIXED ASSETS - Units of Production Referring to the same Equipment described above: 1) Assume the equipment helped to produce 125,000 playground balls during its first year in service (2020). Calculate the depreciation expense for 2020. $ 2) Suppose KKAC, Inc used the equipment for several years and exceeded the 500,000 expected number of balls produced by 10,000. Would the final year's depreciation expense be based on the calculated amount or plugged amount. (type Calculated or Plugged) DEPRECIATION METHODS - Double Declining Balance: Referring to the same Equipment described above: What is the Depreciation Rate KKAC should use for calculating depreciation for this equipment using the DDB method? Show your work on the PDF upload

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