IV. DEPRECIATION RECORDS IM Farmer lost all depreciation records from past years and needs help reconstructing a depreciation schedule through 2010 From the following information, calculate the depreciation for each item for each appropriate year. For items purchased during the year, only a prorated part of the first year's depreciation can be taken. Use the attached form and complete all columns including the totals. Watch the purchase dates and begin depreciation in the year of the purchase, not before. For convenience, round everything to the nearest whole dollar. Deprec: Method Useful Life Salvage Value Purchase Date Item Cost Truck 1) Jan 1, 2007 S/L 10 $32,420 $8.800 Combine DDB 5 $131,000 $25.000 2) July 1, 2007 Tractor 8 3) Sept. 1, 2007 $86.840 $15,000 150% Declining Balance 10 Planter SOYD $28,335 4) Jan 1, 2008 $6,500 Pickup 8 DDB and SD* $17.955 5) Jan 1, 2008 $4,800 *Use DDB for 2008 and 2009, then switch to S.L. for 2010 Paragraph Styles DEPRECIATION SCHEDULE - IM FARMER 2007 2008 2009 2010 Date Acquired Salvage Value Item Cost Method Life Book Value Depre thia year Book Value , this year Book Value DEBE this year Book Value DERES this year TOTALS