Cassian Andor Transport Corporation purchased 20 new SpeedLiner T-wing transporter son January 3 of the current year at a cost of $4,555,000 per transporter in return for the new transporters, Cassian Andor Gave the dealer (1) 10 old A-wing transporters it had purchased at a total cost of $60,000,000 that have book value (through the date of sale) of $25,000,000, (2) a note payable for $45,000,000, and (3) $23,500,000 of cash. The transporters have estimated useful lives at the time of purchase of 8 years, and each has an estimated residual value of $1,250,000. Cassian Andor reports on a calendar year basis.

Required:

A. Prepare a complete depreciation schedule, beginning with the current year, under each of the methods listed assuming Cassian Andor employs the half-year convention. 1) Straight-line 2) Double declining balance

B. Assume Cassian Andor sells 6 of the transporters at the end of the third year for $$2,666,000 cash per transporter. Prepare in good form the journal entry to record the sale under the alternative depreciation methods.