Saved Now change the Cost, Life of the Asset, and Salvage Value for all of the...

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Saved Now change the Cost, Life of the Asset, and Salvage Value for all of the assets listed in the table in your worksheet to match the information below: Asset No. Fixed Asset Name 1-001 1-002 Desktop computer Laptop 13" - Cost $1,600 Life of Asset Salvage Value 5 $ 0 $1,200 5 1-003 Laptop - 15" $ 0 $2,500 5 1-004 Tablet $ 0 $ 600 5 1-005 4-person Workstation $ 0 $3,000 10 1-006 Office chairs (set of 4) $500 $1,000 10 1-007 70" Flat Screen TV $1,500 5 $100 $250 Be sure to also check the Cost in both of your Depreciation Method tables in your worksheet so that it matches the updated information. Required: 2a. Complete the chart below that shows comparisons of the two depreciation methods. (Round your answers to the nearest whole dollar.) Straight-Line Double-Declining Straight-Line Double-Declining Straight-Line Double-Declining Total Depreciation Year 1 TotarDepreciation Year 2 Total Depreciation Year 3 Total Accumulated Depreciation Year 1 Total Accumulated Depreciation Year 2 Total Accumulated Depreciation Year 3 Total Net Book Value Year 1 Total Net Book Value Year 2 Total Net Book Value Year 3 < Prev G2 of 2 Next > Saved Now change the Cost, Life of the Asset, and Salvage Value for all of the assets listed in the table in your worksheet to match the information below: Asset No. Fixed Asset Name 1-001 1-002 Desktop computer Laptop 13" - Cost $1,600 Life of Asset Salvage Value 5 $ 0 $1,200 5 1-003 Laptop - 15" $ 0 $2,500 5 1-004 Tablet $ 0 $ 600 5 1-005 4-person Workstation $ 0 $3,000 10 1-006 Office chairs (set of 4) $500 $1,000 10 1-007 70" Flat Screen TV $1,500 5 $100 $250 Be sure to also check the Cost in both of your Depreciation Method tables in your worksheet so that it matches the updated information. Required: 2a. Complete the chart below that shows comparisons of the two depreciation methods. (Round your answers to the nearest whole dollar.) Straight-Line Double-Declining Straight-Line Double-Declining Straight-Line Double-Declining Total Depreciation Year 1 TotarDepreciation Year 2 Total Depreciation Year 3 Total Accumulated Depreciation Year 1 Total Accumulated Depreciation Year 2 Total Accumulated Depreciation Year 3 Total Net Book Value Year 1 Total Net Book Value Year 2 Total Net Book Value Year 3 < Prev G2 of 2 Next >