K Use the sum-of-the-years'-digits depreciation method to make a depreciation schedule (first two years) for a forklift that cost $31,000, has an expected useful life of ten years, and has a residual value of $2,400. Complete the following table for two years. Enter the depreciation rate as a fraction. Enter annual depreciation, accumulated depreciation, and end-of-year book value as decimals rounded to the nearest cent. Year 1 Depreciation rate GUILB Annual Accumulated End-of-year depreciation depreciation book value $ $

value of $2,400. Complete the followhy tabin for two yean. Enter the deprociation reto as a fraction Enter anmual depreciation, accurtulaved depreciason, and end of year boek volle as decirnals founded io the nearest cent