Show Me How Vice Calculator Accred Deprecation n der Koffman's Warehouse purchased a foto anuary 1, 2017 for $250,000. The fort speed to a fo $12.000 fan's use the double c hod for deprecation Red 1. Ca ther ine , m ed depreciation, and book value for each year of the for m er , round any depreciation Ana Book Value Depreciation 2. S tandar d of the transaction for depreciation for 2017 Sets) command option eBook Show Me How Video Calculator 2. Identify and analyze the effect of the transaction for depreciation for 2017. Activity Accounts Statement(s) How does this entry affect the accounting equation? If a financial statement item is not affected, select "No Entry and leave the amount box blank. If the effect on a financial statement item is negative, le, a decrease, be sure to enter the answer with a minus sign. Remember: if a contra account is increased, it will have the effect of decreasing the corresponding financial statement item. Balance Sheet Stockholders' Assets Liabilities Equity Revenues 3. Refer to Exhibit 8-2. What factors may have influenced Koffman's to use the double-declining balance method? Koffman's may believe that the double-declining balance method with the revenues produced by the asset. Koffman's may also choose this method because it allows depreciation to be taken in the early years of the asset life and thus taxes until the later years