Accounting for Long-Term Operational As ATC 6-4 Writing Assignment Impact of historical cost on asset presentation on the s)2 balance sheet Assume that you are examining the balance sheets of two companies and note the following information. Company A CompanyB $1,130,000 Equipment Accumulated Depreciation 730,000) $900,000 (500,000) $400,000 Book Value $ 400,000 Maxie Smith, a student who has had no accounting courses, remarks that Company A and Company B have the same amount of equipment. Required In a short paragraph, explain to Maxie that the two companies do not have equal amounts of equip- ment. You may want to include in your discussion comments regarding the possible age of each com- t, the impact of the historical cost concept on balance sheet information, and the impact of different depreciation methods on book value