Tableau DA 8-5 statc Mini Case Analyzing straight line production, and double-decining- balance Lo P1The...

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Accounting

Tableau DA 8-5 statc Mini Case Analyzing straight line production, and double-decining- balance Lo P1The company founder hires ue 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 depreclation 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.1(a). Determine the equipment's first-year depreclation under the straight-line method1(6). Determine the equipment's first-vear depreclation under the units-of-production method. Note: Actual units produced for Year 1 were equal to the units estimated to be produced for Year 1.1(c). Determine the equipment's first-year deprecation under the double-declining-balance method.1. Which method In part 1 results in the highest net income in the first year?2. If the company anticipates that Its use of assets will vary greatly from one year to the next based on usage, which method would we recommend the company use?3. The founder is concerned that a depreciation method might result In more total depreclation expense over the useful life of an asset than another method. Which method would result in the highest amount of depreclation over an asset's useful life?
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