PARTS A, B, C, AND D ONLY

Problem 6.2 On May 6, 20X3. Custom Designs, Inc. purchased equipment for $93,000 which had an estimated salvage value of $5,000 and an estimated life of 5 years. Custom Designs, Inc. uses the half-year convention in all depreciation expense calculations. a) Complete the schedule below for all years of the equipment's life: Straight-line method applying the half-year convention Cost less Annual Rate Annual Salvage Partial Depreciation Accumulated Book Year Value Depreciation Year Expense Depreciation Value b) Complete the schedule below for all years of the equipment's life: 200% DDB Method Applying the Half-Year Convention Annual Rate Annual Declining of Depreciation Accumulated Book Year Balance Depreciation Expense Depreciation Value of c) Complete the schedule below for all years of the equipment's life: 150% DB Depreciation Method Applying the Half-Year Convention Annual Rate Annual Declining of Depreciation Accumulated Book Year Balance Depreciation Expense Depreciation Value d) Show the presentation in the statement of financial position as of December 31, 2005, of the equipment when (1) the straight- line method is used, (2) the double-declining-balance method is used, and (3) the 150% declining balance method is used