1. Wildeco purchases equipment for its production line. The base price of the equipment is $600,000. The company pays an additional $25,000 to have the product shipped to the production facility. Additional wiring and installation of the equipment results in an expenditure of $20,000. The company expects to use the equipment for six years and estimates that it will receive a salvage value of $30,000 at the end of the six-year useful life. a. Create a table showing the annual depreciation expense, accumulated depreciation and net book value amounts for each of the six years using the straight-line method of depreciation. b. Show the journal entry made when the equipment is acquced and put into service assuming the company paid cash for the asset. c. Create a table showing the annual depreciation expense, accumulated depreciation and net book value amounts for each of the six years using the declining balance method of depreciation. d. Show the journal entry for disposing of these assets at the end of the useful life if the company receives $45,000 for the asset at the end of its useful life