(All the questions below are related to each other) You buy an asset with a purchase...

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(All the questions below are related to each other)
You buy an asset with a purchase price of $7,000 and yourshipping is $500. It has a 3 year class life. Show a depreciationschedule below that includes both the depreciation each year andthe book value each year.
If the working capital changes in number 1 are a negative $300show the depreciation schedule.
What is the net working capital change? Accounts receivableincrease by $1,000; inventory increases by $2,000; notes payableincrease by $4,000.
In problem 1, you sell the asset at the end of year 2 for$4,000. What is your gain or loss? Then determine the taxconsequence at a tax rate of 34%.
Redo number 4 but you sell it for $1,000. Then determine thetax consequence at a tax rate of 34%.

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(All the questions below are related to each other)You buy an asset with a purchase price of $7,000 and yourshipping is $500. It has a 3 year class life. Show a depreciationschedule below that includes both the depreciation each year andthe book value each year.If the working capital changes in number 1 are a negative $300show the depreciation schedule.What is the net working capital change? Accounts receivableincrease by $1,000; inventory increases by $2,000; notes payableincrease by $4,000.In problem 1, you sell the asset at the end of year 2 for$4,000. What is your gain or loss? Then determine the taxconsequence at a tax rate of 34%.Redo number 4 but you sell it for $1,000. Then determine thetax consequence at a tax rate of 34%.