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 companys financial statements. Those statements will be used to attract financing from new investors and creditors. At the end of the equipments first year in operation, we are given the following Tableau Dashboard.

Estimated Useful Life of Purchase Price \& Estimated Salvage Artusl \& Fetimotad I lnite_nf_Drndurtinn 1. Calculate the depreciable cost of the equipment on January 1. 2. Determine the equipment's first-year depreciation under the straight-line method. 3. Determine the equipment's book value at the end of the first year after recording depreciation under the straight-line method. Calculate the depreciable cost of the equipment on January 1. Determine the equipment's first-year depreciation under the straight-line method. Determine the equipment's book value at the end of the first year after recording depreciation under the straight-line method