Chapter 8 questions Assignment Exercises 8-1 through 8-5 onpages 365 through 369

Chapter 8 questions Assignment Exercises 8-1 through 8-5 onpages 365 through 369 Assignment Exercises 9-1 and 9-2 on pages370 through 371 Practice Exercise 8-1 Depreciation concept Assumethat MHS purchased ipment for $600000 cash on April 1st (the firstday of its fiscal year). This equipment has an expected life of10years. The salvage value is 10 percent of cost. No equipment wastraded in on this purchase. Required: 1. Compute the straight-linedepreciation for this purchase. 2. Compute the double decliningbalance depreciation for this purchase. 8-5 Study theUnits-of-service portion of the chapter closely