Problem 11-1 Depreciation methods; change in methods (LO11-2, 11-6] The fact that generally accepted accounting principles alow companies flexibity in choosing between certain a location methods can make dilcult 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-declining- balance depreciation method Company Buses the straight-line method. You have the following information taken from the 12/31/19 year end financial statements for Company B Tacone Statement Depreciation expense plant and went, at cost You also determine that all of the assets constituting the plant and equipment of Company B were acquired at the same time, and that all of the 575.000 represents depreciable assets. Also, all of the depreciable assets have the same useful ife and residual values are Required: 1. In order to compare performance with Company A estimate what's depreciation expense would have been for 2015 through 2018 if the double decling balance depreciation method had been used by Company since acquisition of the depreciable assets. 2. If Company B decided to switch depreciation methods in 2018 from the straight line to the double declining balance method, prepare the 2018 journal entry to record depreciation for the year, assuming no journal entry for depreciation in 2018 has yet been recorded Complete this question by entering your answers in the tabs below. In order to compare performance with Company A, estimate what direction 2018 if the duble decling balance depreciation method has been used by Company sho would have been for 2015 tough w n of the depreciable Year 2 (2016) Required 2 >