Q2

Q3

Following Q3

Year 3 , and 800 hours in Year 4 . Required: Depreciation Expense 2. What method yields the highest depreciation expense for Year 1 ? 3. What method yields the most depreciation over the 4 -year life of the equipment? Horizontal analysis of income statement Macklin Inc. Comparative Income Statement Macklin Inc. Comparative Income Statement Determine the cost of the inventory on December 31 by the first-in, first-out method. 3. Determine the cost of the inventory on Decernber 31 by the weighted average cost method. Dymac Appliances Cost of the Inventory-Weighted Average Method 4a. Which irventory method would be preferred for income tax purposes in periods of rising prices? 4b. Which inventory method would be preferred for income tax purposes in periods of dedining prices