Mason Industries purchased a drilling rig for $75,900. Delivery costs totaled $2,817. The useful life is 7 years and the salvage value is $12,924. Prepare a depreciation schedule using the straight-line method. End of Year Mason Industries Depreciation Schedule-Drilling Annual Depreciation ($) Accumulated Depreciation ($) Book Value ($) $78,717 (new) 1 $ x x $ x 2 $ x $ x $ x 3 $ x x $ x 4 x *| x x 3 $ x 5 x X x x 6 $ x x 9 5 x Enter at m