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Please show work and answer all of the questions. DEPRECIATION OF FIXED ASSETS: Determine the Asset Cost (acquisition cost) of this asset. DEPRECIATION OF FIXED

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DEPRECIATION OF FIXED ASSETS: Determine the Asset Cost (acquisition cost) of this asset. DEPRECIATION OF FIXED ASSETS - Units of Production (same asset described above) If KKAC chooses Units of Production as the method for calculating Depreciation, what will the estimated depreciation per playground ball be? 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)

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