question C: im done eoth a and c. im not sure about c

421 On August 3, Cinco Construction purchased special-purpose equipment at a cost of $1,000,000. The useful life of the equipment was estimated to be eight years, with an estimated residual value of $50,000. S a. Compute the depreciation expense to be recognized each calendar year for financial reporting purposes under the straight-line depreciation method (half-year convention). b. Compute the depreciation expense to be recognized each calendar year for financial reporting purposes under the 200 percent declining-balance method (half-year convention) with a switch to straight-line when it will maximize depreciation expense. c. Which of these two depreciation methods (straight-line or double-declining-balance) results in the highest net income for financial reporting purposes during the first two years of the equipment's use? Explain. On January 2, 2018, Jatson Corporation acquired five years. The cost of the equipment a. Prepare a complete depreciation table under the three depreciation methods listed as follows. a new machine with an estimated useful life of was $40,000 with an estimated residual value of $5,000. S 421 On August 3, Cinco Construction purchased special-purpose equipment at a cost of $1,000,000. The useful life of the equipment was estimated to be eight years, with an estimated residual value of $50,000 Compute the depreciation expense to be recognized each calendar year for financial reporting purposes under the straight-line depreciation method (half-year convention). b. Compute the depreciation expense to be recognized each calendar year for financial reporting purposes under the 200 percent declining-balance method (half-year convention) with a switch to straight-line when it will maximize depreciation expense. Which of these two depreciation methods (straight-line in the highest net income for financial reporting purposes during the first two years of the equipment's use? Explain. a. double-declining-balance) results or c. Jatson Corporation acquired a new machine with an estimated useful life of