a. From the information provided in the schedule below, calculate the annual and monthly depreciation expense for all of the equipment, assuming an expected useful life of 5 years, using the straight-line, sum-of-the-years' digits, double-declining balance, and MACRS (3 and 5 year) methods of depreciation. You do not need to calculate monthly expense for the MACRS methods. (as of 6/30/X1) Salvage Unit Cost Value Market Value $ $ $ Truck Wagon 18,000 14,400 12,600 1,800 1,440 1,260 16,000 14,000 12,900 Auto Totals $ 45,000 $ 4,500 $ 42,900 Using Excel, set up and complete the following 5 depreciation schedules: Straight-Line Method Year Annual Expense Monthly Expense Yea Book Value Accumulated Depreciation Cost 20X1 20X2 20X3 20X4 20X5 TOTAL Sum-of-the Years' Digits Method Year Annual Expense Monthly Expense Year-End Book Value Accumulated Depreciation Cost 20X1 20X2 20X3 20X4 20X5 TOTAL Double-Declining Balance Method Year Annual Expense Monthly Expense Year-End Book Value Accumulated Depreciation Cost 20X1 20X2 20X3 20X4 20X5 TOTAL MACRS Method (5-year asset) Year Annual Expense Year-End Book Value Accumulated Depreciation Cost 20X1 20X2 20X3 20X4 20X5 20X6 TOTAL MACRS Method (3-year asset) Year Annual Expense Year-End Book Value Cost Accumulated Depreciation 20X1 20X2 20X3 20X4 TOTAL a. From the information provided in the schedule below, calculate the annual and monthly depreciation expense for all of the equipment, assuming an expected useful life of 5 years, using the straight-line, sum-of-the-years' digits, double-declining balance, and MACRS (3 and 5 year) methods of depreciation. You do not need to calculate monthly expense for the MACRS methods. (as of 6/30/X1) Salvage Unit Cost Value Market Value $ $ $ Truck Wagon 18,000 14,400 12,600 1,800 1,440 1,260 16,000 14,000 12,900 Auto Totals $ 45,000 $ 4,500 $ 42,900 Using Excel, set up and complete the following 5 depreciation schedules: Straight-Line Method Year Annual Expense Monthly Expense Yea Book Value Accumulated Depreciation Cost 20X1 20X2 20X3 20X4 20X5 TOTAL Sum-of-the Years' Digits Method Year Annual Expense Monthly Expense Year-End Book Value Accumulated Depreciation Cost 20X1 20X2 20X3 20X4 20X5 TOTAL Double-Declining Balance Method Year Annual Expense Monthly Expense Year-End Book Value Accumulated Depreciation Cost 20X1 20X2 20X3 20X4 20X5 TOTAL MACRS Method (5-year asset) Year Annual Expense Year-End Book Value Accumulated Depreciation Cost 20X1 20X2 20X3 20X4 20X5 20X6 TOTAL MACRS Method (3-year asset) Year Annual Expense Year-End Book Value Cost Accumulated Depreciation 20X1 20X2 20X3 20X4 TOTAL