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Question: Finch Shipping Company is making a depreciation schedule for one of its fishing trawlers by using the sum-of-the-years'-digits method of depreciation. The trawler

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Question: Finch Shipping Company is making a depreciation schedule for one of its fishing trawlers by using the sum-of-the-years'-digits method of depreciation. The trawler has a total cost of $90,000 and expected to be in service for 10 years. The trawler will become unusable after 10 years and the scrap value of the trawler would be $7,000. Make a depreciation schedule.

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