Billings Corporation purchased a wood pulp mixer for $17,400. Delivery costs totaled $464. The useful is 7 years, and the salvage value is $1,372. Prepare a depreciation schedule using the sum-of-the-years' digits method.

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Billings Corporation purchased a wood pulp mixer for $17,400. Delivery costs totaled $464. The useful is 7 years, and the salvage value is $1,372.
Prepare a depreciation schedule using the sum-of-the-years' digits method.
 
chart attached 
Prepare a depreciation schedule using the sum-of-the-years' digits method.
Billings Corporation
SYD Depreciation Schedule-Wood Pulp Mixer
Total Depreciation
(S)
Depreciation Rate
Annual
Accumulated
Book Value
Year
Fraction
Depreciation ($)
Depreciation ($)
($)
$17,864 (new)
2
4
6.
7
111111
II
Transcribed Image Text:Prepare a depreciation schedule using the sum-of-the-years' digits method. Billings Corporation SYD Depreciation Schedule-Wood Pulp Mixer Total Depreciation (S) Depreciation Rate Annual Accumulated Book Value Year Fraction Depreciation ($) Depreciation ($) ($) $17,864 (new) 2 4 6. 7 111111 II
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