Billings Corporation purchased a wood pulp mixer for $17,344. Delivery costs totaled $464. The useful is 7 years, and the salvage value is $1,260. Prepare a depreciation schedule using the sum-of-the-years' digits method. Billings Corporation SYD Depreciation Schedule-Wood Pulp Mixer Year Total Depreciation ($) Depreciation Rate Fraction Annual Depreciation ($) Book Value ($) Accumulated Depreciation ($) $17,808 (new) 1 2 3 st 1-69 5 60 7 69 = +A $ = 69 +A II = 69 69 69 II +9 = 69 69 +9 69 +A 64- $ S 1.69