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. Select Firm Firm A Firm B Firm C Firm D Firm E Firm F Firm G Firm H Firm Firm J Purchase Price & Estimated Salvage Value Years Estimated Useful Life of Assets 20 16 12 ces 4 8 Building $60,000 $40,000 $20,000 Equipment Truck 0 Building Equipment Truck Purchase Salvage Purchase Salvage Purchase Salvage Price Value Price Value Price Value Actual & Estimated Units-of-Production Year 1 Production Year 2 Production: Year 3 Production Actual Estimated Estimated Year 4 Production Estimated 0 25,000 50,000 75,000 100,000 125,000 Year 4 Production 0 25,000 50,000 75,000 100,000 Total Units to be Produced +ableau Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 1C Required 2 Required 3 Required 4 For Firm H, determine the equipment's first-year depreciation under the straight-line method. Important! Be sure to click the correct Firm at the top of the dashboard. Straight-Line Method Choose Numerator: Choose Denominator: Annual Depreciation Expense Cost minus salvage value Estimated useful life (years) Depreciation expense 1 + 4 Required (R Required 18 > Estimated 125,000 Book ences Year 4 Production Estimated 0 25,000 50,000 75,000 Total Units to be Produced 100,000 125,000 +ableau Complete this question by entering your answers in the tabs below. Required 1A Required 18 Required 1C Required 2 Required 3 Required 4 For Firm H, determine the equipment's first-year depreciation under the units-of-production method. Note: Actual units produced for Year 1 were equal to the units estimated to be produced for Year 1. Important! Be sure to click the correct Firm at the top of the dashboard. Units-of-production Depreciation Choose Denominator: Choose Numerator: Cost minus salvage value Total units of production Annual Depreciation Expense Depreciation expense per unit 120,000 Year Year 11 Annual Production (units) Depreciation Expense 35,000 Next Estimated Year 4 Production Estimated 0 25,000 50,000 75,000 Total Units to be Produced 100,000 125,000 +ableau Complete this question by entering your answers in the tabs below. Required 1A Required 18 Required 1C Required 2 Required 3 Required 4 For Firm H, determine the equipment's first-year depreciation under the double-declining-balance method. Important! Be sure to click the correct Firm at the top of the dashboard. Depreciation for the Period End of Period Annual Period Beginning of Period Book Value Depreciation Rate (%) Depreciation Expense Accumulated Depreciation Book Value First Year 50%