Question list Question 1 Question 2 Question 3 Question 4 K Curie kluwing (Click the icon to view the information) Read the requirements Requirement 1. For each depreciation method, prepare a depreciation schedule showing asset cost, depreciation expense, accumulated depreciation, and asset book value for each year of the assets life. For the units of production method, round depreciation per unit to three decimal places. Deore completing the straight-line depreciation schedule, calculate the straight-line depreciation rate. 1 1 Useful Life 5 (S) Depreciation rele 15 Complete the Straight-Line Depreciation Schedulo. Begin by 1ling out the schedule through 2016, and then complete the schedulo by ontoring the amounts through 2022. Straight-Line Depreciation Schedule Question 5 Depreciation Depreciable Date Asset Cont Rate Coat Depreciation Accumulated Depreciation Asset Book Value * Question 6 January 2, 2018 December 31, 2018 204000 1/5 1/5 10000 December 31, 2010 10000 Requirements 1. For cach depreciation method, prepare a depreciation schedule showing asset cost depreciation exponse, accumulated depreciation, and asset book value for each year of the assets Ite. For the units of production method, round depreciation per unit to three decimal places 2. Chyler Enterprises, Inc, prepares financial statements using the depreciation method that reports the highest income in the early years of assot use. For income tax purposes, the company uses the depreciation method that minimizes income taxes in the early years. Consider the first year Chyler Enterprises, Inc., uses the equipment. Identify the depreciation methods that meet Chyler Enterprises' objectives, assuming the income lex aulnes permit the use of any m 3. Show how Chyler Unterprises, Inc., would report equipment on the December 31, 2010, balance sheet for cach depreciation method. Print Done - X More info On January 3, 2018, Chyler Frierprises, Inc., paid $204,000 for equipment used in manufacturing automotive supplies In addition to the basic purchase price, Ure company paid $800 for transportation charges, $1,000 for insurance for the cquipment while in transit, 511,400 sales tax and $3,000 for a special platform on which to place the equipment in the plant Management of Chyler Enterprises, Inc., estimates that the equipment will remain in service for five years and have a residual value of $20,000. The equipment will produce 60,000 units the first year, with annual production decreasing by 10,000 units during cach of the next four years (10., 20,000 units in year 2: 40,000 units in year 3; and so on for a total of 200,000 units) in trying to decide which depreciation method to use, Chyler Enterprises, Inc., requested a depreciation schedule for each of the Unes depreciation metrods (straight line, units of production, and double-decking bac Print Done