Can you assist me with this question? and APA format

Balls and Bats, Inc. purchased equipment on January 1, 2005, at a cost of $100,000. The estimated useful life is 4 years with a salvage value of $10,000.

Complete the following tasks for this assignment:

  1. Prepare two different depreciation schedules for the equipment—one using the double-declining balance method, and the other using the straight-line method. (Round to the nearest dollar).
  2. Determine which method would result in the greatest net income for the year ending December 31, 2005.
  3. How would taxes affect management’s choice between these two methods for the financial statements?

 

Grading Criteria

% of grade for this assignment

Prepare two different depreciation schedules for the equipment—one using the double-declining balance method, and the other using the straight-line method. (Round to the nearest dollar).

60%

Determine which method would result in the greatest net income for the year ending December 31, 2005.

20%

How would taxes affect management’s choice between these two methods for the financial statements?

20%

 

Please submit your assignment.

For assistance with your assignment, please use your text, Web resources, and all course materials.

Unit Materials

Unit 3 Course Materials

 

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