B: Mason Industries purchased a drilling rig for $75,900. Delivery costs totaled $2,831. The useful life is 7 years and the salvage value is $12,952. Prepare a depreciation schedule using the straight-line method. Mason Industries Depreciation Schedule-Drilling End of Year Annual Depreciation ($) Accumulated Depreciation ($) Book Value ($) $78,731 (new) 1 $ $ $ 2. $ $ 3 $ $ 4 $ $ $ 5 $ $ $ 6 $ $ $ 7 $ $ $ C: Complete the sum-of-the-years' digits method of depreciation. Depreciation Rate Fraction Useful Life (years) Sum-of-the- Years' Year 1 Year 3 Year 5 9 D: Billings Corporation purchased a wood pulp mixer for $17,288. Delivery costs totaled $464. The useful is 7 years, and the salvage value is $1,260. Prepare a depreciation schedule using the sum-of-the-years' digits method. Billings Corporation SYD Depreciation Schedule-Wood Pulp Mixer Year Total Depreciation ($) X Depreciation Rate Fraction Annual Depreciation ($) Accumulated Depreciation ($) Book Value ($) $17,752 (new) 1 $ = $ $ $ 2 $ $ $ $ 3 $ X = $ $ $ 4 $ X $ $ $ 5 $ $ $ $ 6 $ $ $ $ 7 $ X $ $ $ E: Complete using the declining-balance method of depreciation. Round to the nearest hundredth of a percent when necessary. Useful Life (Years) Straight-Line Rate (%) Multiple (%) Declining-Balance Rate (%) 2. % 200 %