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 20 Purchase Price & Estimated Salvage Value Building Equipment Truck $70,000 16 $60,000 $50,000 $40,000 $30,000 $20,000 www Prey 1 of 9 Next > 10 points Mc eBook Building Equipment Truck Purchase Salvage Purchase Salvage Purchase Salvage Price Value Price Value Price Value Actual & Estimated Units-of-Production Print Year 1 Production Actual Year 2 Production Yer Production Estimated Estimated 10 pont Year 4 Production Estimated Estimated 25,000 50,000 75,000 4 100,000 125,00 Total Units to be Produced tableau 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 Complete this question by entering your answers in the tabs below. Requir equired 2 Required 3 Mc Prev 1 of 9 Next > Type here to search + E 13C Partly sunny A40 ING 336PM 3022-05-10 hp Pri raw 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 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the depreciable cost of the equipment on January 1. De re to search 13 ii Required 2 > Prev 1 of 9 Next > 350PM 13C Partly sunny A000 ING 2002-05-10 E 1. Calculate the depreciable cost of the equipment on January 1 2. Determine the equipments 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 Complete this question by entering your answers in the tabs below Required Required 2 Required 3 Determine the equipment's first year depreciation under the straight-line method. search Straight Lies Depreciation Choose to Choose Denominator Annual Depreciation Expense ii Depreciation expense Required Required 3> 1 of 9 Next > 13 Partly sunny 40 ENG Prev 0 @ hp 358PM 2022-05-10 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. Defermine the equipment's book value at the end of the first year after recording depreciation under the straight line method Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the equipment's book value at the end of the first year after recording depreciation under the straight-line method. Year 1 Year End Book Val 3:58 PM sear O 13C Partly sunny ENG hp