2. [20] A widget machine your company has just purchased for $120,000 has an expected salvage value of S25,000. It has an expected life of 8 years. Develop a sum-of-the-years-digits depreciation schedule with half year convention. Please show book value at the beginning of each year in your depreciation schedule. Remember to show all of your work. 3. [20] Your company has just purchased an automobile for an outside sales person to use when calling on customers. Determine which MACRS schedule applies, and develop an MACRS depreciation schedule with book value for each year, if the automobile costs $31,000. 4. [25] Your company has purchased and installed a chemical reactor for $200,000 with an expected salvage value of $20,000. This chemical reactor has a useful life of 10 years. Develop a Double Declining Balance depreciation schedule without conversion to straight line. Please show book value at the beginning of each year, and convert the depreciation schedule to half year convention. Please show all of your work. 5. [25] Rework problem 4, but use Double Declining Balance depreciation with a conversion to straight line depreciation. Please show all of your work