Each problem is worth 2 point for a total of 10 points EXTRA CREDIT Fully depreciate all problems using all three methods (SL, UOfP, DDB). All team members must work through this everyone stays together on each problem (you cannot split up the work). One packet turned in with everyone's first and last name printed. Teams of 2. Teams are not allowed to work together. Problem # 1: Forklift Purchased Jan 1 Cost: $180,000 RV: $25,000 Life: 6 years or 110,000 hours Y1: 17,000 hours Y2: 13,000 hours Y3: 25,000 hours 20,000 hours 17,000 hours 18,000 hours Y5: Y6: Problem #2: Oven Purchased Jan 1 Cost: $90,000 RV: $15,000 6. Anare ar 50 000 hours Y6: 18,000 hours Problem #2: Oven Purchased Jan 1 Cost: $90,000 RV: $15,000 Life: 4 years or 50,000 hours Y1: 12,000 hours Y2: 14,000 hours Y3: 16,000 hours Y4: 8,000 hours Problem #3: Aston Martin Purchased June 1 Cost: $260,000 RV: $80,000 Life: 3 years or 70,000 miles Y1: 23,000 miles Y2: 25,000 miles Y3: 22,000 miles Problem # 4: Safe Purchased February 1 Cost: $60,000 RV: $10,000 Life: 10 years or 60,000 hours Y1: 4,000 hours 2,000 hours 6,000 hours 9,000 hours 5,000 hours 11,000 hours 8,000 hours 3,000 hours Y9: 5,000 hours 7,000 hours Y10: Problem #5: Refrigerator Purchased October 1 Cost: $260,000 RV: $40,000 Life: 5 years or 80,000 hours 16,000 hours Y1: 20,000 hours 17,000 hours 20,000 hours 7,000 hours