1. A piece of equipment is purchased for $ 325,000 with a salvage value of $ 30,000 and a 7 year life. Construct depreciation schedules for a) straight line depreciation, b) double declining balance depreciation, c) sum of the years digits, and d) sum of the years digits with half year convention. 2. For just straight line depreciation, show all journal entries related to the equipment, its depreciation, and disposal. The sale value is $ 25,000