Mason Industries purchased a drilling rig for $75,900. Delivery costs totaled $2,873. The useful life is...

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Mason Industries purchased a drilling rig for $75,900. Delivery costs totaled $2,873. The useful life is 7 years and the salvage value is $12,910. Prepare a depreciation schedule using the straight-line method. Mason Industries Depreciation Schedule-Drilling End of Year Annual Depreciation ($) Accumulated Depreciation ($) Book Value ($) 1 2 $78,773 (new) $ $ $ 3 $ $ $ 4 $ $ $ 5 $ $ $ 6 $ $ $ 7 $ $ Mason Industries purchased a drilling rig for $75,900. Delivery costs totaled $2,873. The useful life is 7 years and the salvage value is $12,910. Prepare a depreciation schedule using the straight-line method. Mason Industries Depreciation Schedule-Drilling End of Year Annual Depreciation ($) Accumulated Depreciation ($) Book Value ($) 1 2 $78,773 (new) $ $ $ 3 $ $ $ 4 $ $ $ 5 $ $ $ 6 $ $ $ 7 $ $