1. An asset has a value of $44,000 and a scrap value of $6,500 after 9 years of useful life. Set up a depreciation table using the sum-of-digits method.
2. A piece of equipment costs $72,000. Its useful life is estimated as 15 years, after which it would be declared as scrap with a value of $6,500. Construct a depreciation table and calculate the book value at the end of the 10th year using the sum-of-digits method.