The Depreciation & Amortization Schedule Builder

Build a depreciation schedule for this asset and explain the choices.

Asset: [DESCRIBE]
Cost: [AMOUNT]  Useful life: [YEARS]  Salvage value: [AMOUNT OR 0]
Method preference: [STRAIGHT-LINE / DECLINING BALANCE / UNITS OF
PRODUCTION / RECOMMEND ONE]

Provide:
1. A year-by-year schedule (depreciation expense, accumulated
   depreciation, net book value)
2. The same asset under an alternative method for comparison
3. The effect of each method on reported profit early vs late in the
   life
4. A plain explanation of how this hits the income statement and balance
   sheet
5. A note on where tax depreciation may differ from book

Show the calculations.