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Please show work and answer 1,2,3, all of the questions DEPRECIATION OF FIXED ASSETS: ASSET INFO: use the following information for all of the depreciation

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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 METHODS - Double Declining Balance: Referring to the same Equipment described above: ***REQUIRED*** Complete a Depreciation Schedule for the years 2020-2024 for the equipment using the Double Declining Balance Method. Your answer should provide amounts for Depreciation Expense, Accumulated Depreciation, and NBV for the equipment for each year relevant. You may enter the Depreciation Expense for 2024 (final year) below to get an idea of how you did on this problem. Round to nearest whole dollar. Your schedule MUST be included in your PDF upload, or you will receive no credit for this problem. DEPRECIATION METHODS - Double Declining Balance: Referring to the same Equipment described above: ***REQUIRED** Show the Balance Sheet Presentation of the equipment as of 12/31/2023. This will just be a partial view, you do not need to worry about the other areas of the balance sheet, or the heading. Just the amounts & titles related to this fixed asset. Include on your PDF upload on the same page as your DDB schedule

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