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CASE STUDYLegacy Clothing Company This case study to perform a depreciation calculation using a couple different methods. let's learn about this company, legacy clothing. What type of company is it? It's a sole proprietorship, meaning it's a type of company that is owned by a single individual and Where the individual and the business are legally treated as the same. What's the business purpose of the company? They own and operate their own clothing and merchandise store, so they sell men's, women's, children's clothing and their related items. The business has locations in Helwan, Cairo, and they have a staff of 50 people. Comy Assets Buildings Equipment First Cost Assume any value between Assume any value 100,000 300,000 and 600,000 and 300,000 Salvage value $0 20% of the rst cost Useil Life, years 20 10 Does this company need to calculate depreciation? Why? Tabulate the annual depreciation amounts and the book value of the buildings and equipment at the end of each year by using the Straight Line (SL) depreciation method. c. Tabulate the annual depreciation amounts and the book value of the buildings and equipment at the end of each year by using the Double Declining Balance (DDB) depreciation method. d. Compare the depreciation schedule of the equipment using two methods: DB at 150% of the straight-line rate and at DDB rate. e. Determine the depreciation schedule of the equipment by using DDB-to-SL switching. Use the salvage value of the equipment at the end of the year 10 is only 10% of the rst cost. 53"?\