Please help me find the depreciation rate if the cost of the new equipment was $35,000 and the estimate it would be worth at least $7000 at the end of its four year useful life. The company used the equipment to produce just 4,000 units for that year. Over the four years of its useful life the new equipment will make a total of 28,000 units. Calculate the depreciation using the straight line, units of production, double declining balance?

Assume you are one of three accoming taff woddngfor asmall,private the beginning members of the be used of this year, the company expanded intoapew industry by that make new lines of owner thd manager of the company hos that, as one of the conditions for providing financing for new equipment, the bank will a copy the financial statements. Another condition of the lot loosh that the com assets cannot fall below $250,000. gives the ban the option to demand immediate repayment of the loan. Besare making the for this look at the facts company's The owner has asked you to take the new equipment and work with the numbers to make sure stays onside with tbe bank." A depreciation method has yet not been adopted for the new equipment. Equipment used lo other parts of the company is depreciated using the double declining balance method The cost of the new equipment was $35,000 and the manager estimates it will be worth $2,000 at the end of its four-year useful life. Because the products made with the new equipment are only to catch on with consumers, the company used the equipment to ptoduceiust4000 units this year it is that, its life the new equpment Rabe a total of 28,000 units, Requdredi 42, ethical to recommend thatthe compaty use the method ident6edin Evaluate whether it is recommendation How would requirement 1. What two parties are most directly affected by this the recommendation violate, each party be benefited or harmed by the before making e. any laws or app licable rules? Are there any other factors that you would consider