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 $\frac{12}{31}\frac{?}{2024}$ year$-$end financial statements for Company B:

$\backslash$table$[[$Income Statement,$],[$Depreciation expense,$$15,000,],[$Balance SAzet$],[\{$

$\backslash$table$[[$Assets:$],[$Plant and equipment, at cost$],[$Less: Accumulated depreciation$],[$Net$]]\},\backslash$table$[[\backslash$table$[[$$$300,000$