For the following problems, consider an investment and start-up of new factory equipment with the following parameters:

Capital Cost: 375,000

Freight and Installation Cost: 25,000

Salvage: 5,000

MACRS Life: 7 years

Asset Life for non-MACRS use: 8 years

3. [25] Develop a depreciation schedule with book value for double declining balance depreciation. Convert this schedule to a half year convention.

4. [25] Develop a depreciation schedule with book value for double declining balance depreciation switching to straight line. Convert this schedule to a half year convention.

5. [15] Develop a depreciation schedule for MACRS depreciation.