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Prepare three depreciation tables for 2020, 2021, and 2022: one for straight-line depreciation (similar to the one in Illustration 9.10), one for double-declining balance depreciation
Prepare three depreciation tables for 2020, 2021, and 2022: one for straight-line depreciation (similar to the one in Illustration 9.10), one for double-declining balance depreciation (Illustration 9.14), and one for units-of-activity depreciation (Illustration 9.12). For units-of-activity, Natalie estimates she will drive the van as follows: 15,000 miles in 2020; 45,000 miles in 2021;50,000 miles in 2022; 45,000 miles in 2023; 40,000 miles in 2024. Recall that Cookie Creations has a December 31 year-end. (Round depreciation costumit to 3 decimal places, eg. 0.225.) Straight-line depreciation Year Depreciable Cost Depreciation Expense Accumulated Depreciation Net Book V $ 2020 $ $ $ $ 2021 2022 Units-of activity depreciation Year Units of Activity Depreciation Expense Accumulated Depreciation Net Book Val 2020 $ $ 2021 2022 e Textbook and Media What impact will the three methods of depreciation have on Natalie's balance sheet at December 31, 2020? What impact will the three methods have on Natalie's income statement in 2020? Straight-Line Double-declining Balance Units-of-Activity Cost of asset Accumulated depreciation Net book value $ Depreciation expense Lowest amount of net income Lowest amount of stockholders' equity Greatest amount of stockholders' equity Greatest net book value eTextbook and Media What method of depreciation would you recommend Natalie use? Natalie should use eTextbook and Media
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