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.

$1.$ 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.