This is a college paper I am in my first year, female and 44 yrs of age so please keep this private and I thank you in advance for all the help.
Read the scenario below and answer questions 1-3 in a Microsoft Word document. For question 1, give your answer and show your work. For Questions 2 and 3 answer each question in a paragraph of at least 100 words. Use APA format and cite any sources.
Sanders Construction Co. specializes in building replicas of historic houses. Brett Sanders, president of Sanders Construction, is considering the purchase of various items of equipment on July 1, 2014 for $300,000. The equipment would have a useful life of 5 years and no residual value. Brett is considering depreciating the equipment by the straight-line method or the double declining balance method.
Answer the following questions:
1. Calculate the depreciation for the first year using the straight-line method and the Double declining balance method, show your work.
2. In a short paragraph, explain the straight-line depreciation method and the Double declining balance method.
3. In your opinion, which method would be better for the company to use, why? Explain your answer.
In this Assignment on calculating depreciation using different methods, you will engage in developing the following professional competency: Technical Knowledge for Career.
Make sure your document includes:
- YourRead the scenario below and answer questions 1-3 in a Microsoft Word document. For question 1, give your answer and show your work. For Questions 2 and 3 answer each question in a paragraph of at least 100 words. Use APA format and cite any sources.
Sanders Construction Co. specializes in building replicas of historic houses. Brett Sanders, president of Sanders Construction, is considering the purchase of various items of equipment on July 1, 2014 for $300,000. The equipment would have a useful life of 5 years and no residual value. Brett is considering depreciating the equipment by the straight-line method or the double declining balance method.
Answer the following questions:
1. Calculate the depreciation for the first year using the straight-line method and the Double declining balance method, show your work.
2. In a short paragraph, explain the straight-line depreciation method and the Double declining balance method.
3. In your opinion, which method would be better for the company to use, why? Explain your answer.
In this Assignment on calculating depreciation using different methods, you will engage in developing the following professional competency: Technical Knowledge for Career.
Make sure your document includes:
- YourName
- Date
- Course Name and Section Number
- Unit Number
- Assignment Name
- Page Numbers
Directions for Submitting your Writing Assignment
Compose your Assignment in a Microsoft Word document and save it as Username AC113 Writing Assignment (Example: Jsmith AC113 Unit 8 Writing Assignment.doc). Submit your file by selecting the appropriate Unit 8: Writing Assignment Dropbox by the end of Unit 8.