The price of a Kenworth road tractor purchased by Challenge Industries was $79,000. It cost $2,370 for delivery and $1,106 for installation. The salvage value at the end of a 3-year life is $9,480. Prepare a depreciation schedule using the straight-line method, then enter the annual depreciation for year 2 as your answer.

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Smith Accounting purchased a conference table for $2,050. Delivery costs totaled $52. The useful life is 7 years and the salvage value is $184. Prepare a depreciation schedule using the straight-line method, then enter the book value at the end of year 6 as your answer.

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