Identify the depreciation method that would be appropriate to use in each cash Depreciation Method Situation 1. A company acquires equipment that is estimated to have an 8-year useful life. The equipment will be used quite a bit in the first 3 years and less in the 5 years of its life. 2. Coca Cola brand name. 3. A company has acquired a new commercial oven for their restaurant. The oven is expected to be used evenly throughout its life. 4. A company paid $40,000 for land. The land is expected to be used evenly for the next 10 years. 5. A company has purchased a second forklift. The forklift is expected to have a life of 100,000 kilometres and will be only used when the first forklift is not available. 6. Company X acquired Company Y for $500,000. At the time of acquisition, Company Y had net fair market value assets of $350,000. As a result, Company X had acquired $150,000 in goodwill