The purpose of this assignment is to analyze long-term assets in the financial statements, and to consider financial implications associated with long-term assets.

Complete Problem 10.5 from the textbook. Textbook: Young, S. D., Cohen, J., & Bens, D. A. (2019). Corporate financial reporting and analysis: A global perspective (4th ed.). Wiley.

Use Microsoft Excel to show the calculations of depreciation prior to and after the recommended changes.

n addition, in a Microsoft Word document, put in writing memo from Patty Chu to Patty's boss comparing the results of the old and new depreciation expense amounts. Within the memo, discuss the impact to the income statement and balance sheet if these changes are approved.

Finally, provide a recommendation on whether the changes should be made; use your calculations to support your position.