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HomeworkSuppose the Atlanta Falcons purchased a new set of goal posts for $20,000 each.

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ACCT216Week 5 HomeworkSuppose the Atlanta Falcons purchased a new set of goal posts for $20,000 each. The Falconsexpect the goal posts to have a useful life of ±ve years and a salvage value of $1,000 each whenthey sell them to a local high school.Required:1.Compute the ±rst years deprecia²on using the following methods:a.Straight-lineb.Double-declining balance2.Suppose the team depreciates the asset based on number of goals scored. The teaman²cipates goals to be 40 in the ±rst year, 46 in the second year, 38 in the third, 50 inthe fourth when they win the Super Bowl, and 45 in the ±³h year. Compute their±rst year deprecia²on using the units-of-produc²on method.3.Which method do you think is the most representa²ve of accurate deprecia²on ofthe goal posts?
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