Estimated Useful Life of Purchase Price & Estimated Salvage Assets Value Actual & Estimated...

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Accounting

Estimated Useful Life of Purchase Price & Estimated Salvage
Assets
Value
Actual & Estimated Units-of-ProductionThe 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 companys financial statements. Those statements will be used to attract financing from new investors and creditors. At the end of the equipments first year in operation, we are given the following Tableau Dashboard.
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