Years Tableau DA 8-2: Exercise, Straight-line depreciation and sale of asset LO C2, P2 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. Estimated Useful Life of Purchase Price & Estimated Salvage 20 16 Assets Value Building Equipment Truck $70,000 $60,000 $50,000 12 12 $40,000 $30,000 $20,000 $10,000 $0 Purchase Salvage Purchase Salvage Purchase Salvage