Tableau DA 8-1: Quick Study, Straight-line depreciation and book value LO P1 The company founder hires us as consultants and asks that we oversee the accounting for new equipment purchased on January 1. The founder wants to know the implications of different depreciation methods and estimates for the company's financial statements. Those statements will be used to attract financing from new investors and creditors. At the end of the equipment's first year in operation, we are given the following Tableau Dashboard. Estimated Useful Life of Assets Purchase Price & Estimated Salvage Value 20 Building Equipment Truck $70,000 16 $60,000 $50,000 12 22 I $40,000 Years $30,000 $20,000 10 $10,000 $0 Purchase Salvage Purchase Salvage Purchase Salvage < Prev 1 of 3 Next >