Problem 2 Chapter 11 Depreciation (50 Points) Prepare the Depreciation Schedules for office furniture and equipment purchased by company for $19,500, with an estimated Salvage value after seven years useful life of $2,000. Show your work for the factors, neatly, alongside the appropriate table, and on the back of this sheet, if necessary. (Note, only the MACRS needs all eight year's entries.) MACRS tables and depreciation formulae are on the next page. Straight Line Depreciation Year SL. Factor Basis SL Depreciation Sum of Depreciation to date Write the formula used to determine depreciation in the space to the right of each method's table 2 3 4 5 6 7 8 Total Sum of Years' Digits Depreciation Year 2 3 4 5 6 7 8 Total SOYD Factor Basis SOYD Depreciation Sum of Depreciation to date