7. A piece of equipment is purchased for $40,000 and has an estimated salvage value of $1,000 at the end of the recovery period. Prepare a depreciation schedule for the piece of equipment using the 150% declining-balance method with a recovery period of five years. 8. Prepare a depreciation schedule to be used for tax purposes for a S110,000 railroad spur(track) using the 2009 declining balance method and a half year convention Ignore any special depreciation allowances