Problem 1: Write a paragraph that describes the process for making a straight-line depreciation schedule. Include visual and graphical representations.
Problem 2: Prepare an example of a straight-line depreciation schedule using a forklift with the following details: the first four years of depreciation of the forklift that cost $9,450, and it is expected to be used for 12 years, and is projected to be scrapped for $500.
Problem 3: Create an an example of the sum-of-the-years' -digits method using a delivery van. Find the depreciation for each of the three years of the expected life of the delivery van that has a total cost of $18,000 and a salvage value of $3,000.
Problem 4: Create an example using the double-declining balance method to make a depreciation schedule for equipment that cost $4,500 and has a salvage value of $300. The equipment is expected to last five years.