QUESTIONS 1. On May 21, 2020 Company purchases a printer at $800 by issuing a note and company also pays in cash $100 duty tax and $20 for transportation. Its useful life is estimated as 4 years and the residual value is $100. & Make a journal entry for the purchase on May 21, 2020. (5 points) b. Fill out the depreciation schedule below, through the useful life of the printer. Company is a listed company and wants to have the highest possible net income at the end of the first year. Considering this, select the most suitable depreciation method among the methods/techniques you learned in Financial Accounting lessons. Make required journal entry for December 31, 2020. (10 points Years Computation Dep. Expense A Den. Book Value c. Fill out the depreciation schedule below, through the useful life of the printer. Company is a SME and wants to have the least possible taxable income at the end of the first year. Considering this, select the most suitable depreciation method among the methods/techniques you leamed in Financial Accounting lessons. Make required joumal entry for December 31, 2020. (10 points) Years Computation Dep. Expense Acc Den. Book Value d. Company sells this printer at $250 on January 1, 2022. Make required joumal entry using the accumulated depreciation and book value of the printer according to the depreciation schedule you prepared in (0). (6 points) e. Is it possible to apply units of out-put method for computation of depreciation expenses in this case? If it is possible, explain how and compare shortly with methods you applied in (b) and (c) in terms of faimess. (5 points)