The fact that generally accepted accounting principles allow companies flexibility in choosing between certain allocation methods can make it difficult for a financial analyst to compare periodic performance from firm to firm.

Suppose you were a financial analyst trying to compare the performance of two companies. Company A uses the double$-$decliningbalance depreciation method. Company B uses the straight$-$line method. You have the following information taken from the $12/31/2024$ year$-$end financial statements for Company B:

$\backslash$table$[[$Income Statement,$],[$Depreciation expense,$$8,000,],[$Balance Sheet$],[\backslash$table$[[$Assets:$],[$Plant and equipmen$],[$Less: Accumulated$]],,\backslash$table$[[\backslash$table$[[$$$160,000$ Please answer the the required $1.$ And $2.$ Questions correctly