On $5/1/2029$ Xenex Innovations purchased computer equipment for $$126,020.$ The equipment will be used in research and development activities for $5$ years. Prepare a schedule with headings as shown below. Calculate depreciation and carrying amounts for each year of the equipment$$s life for each method of depreciation. Xenex$$s year$-$end is December $31.$

Selling price: $$18,230$

Useful life:$5$

Company's year end: $2019-12-31$

A$)$ straight line

Year$/$Depreciable Amount$/$Depreciation Rate$/$Depreciation Expense

$2019$

$2021$

$2022$

$2023$

$2024$

B$)$double$-$declining$-$balance

Annual rate of depreciation $()$

Year$/$Beginning of Period Carrying Amount$/$Depreciation Rate$/$Dep Expense

$2019$

$2021$

$2022$

$2023$

$2024$

C$)$ Summarize your information

Straight line

Year$/$Dep expense$/$ carrying amount

$2019$

$2021$

$2022$

$2023$

$2024$

double$-$declining$-$balance

Year$/$Dep expense$/$ carrying amount

$2019$

$2021$

$2022$

$2023$

$2024$

D$)$Analysis Component

Which method will result in the least: Straight line or Double$-$Declining

i$)$ Total assets being reported on the balance sheet in $2019?$ in $2022?$

ii$)$ Operating expenses being reported on the income statement in $2019?$ in $2022?$