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A loader has an initial cost of $154,000 and an estimated usefullife of 8 years. The salvage value after 8 years of use isestimated to be $10,000.a. What is the annual depreciation amount if the straight-linemethod of depreciation accounting is used?b. What is the book value after 6 years if the straight-linemethod of depreciation accounting is used?c. What is the annual depreciation amount in the fifth year ifthe sum-of-the-years method of depreciation accounting is used?d. What is the book value at the end of the sixth year if thesum-of-the-years method of depreciation accounting is used?e. What is the annual depreciation amount in the fourth year ifthe double-declining-balance method of depreciation accounting isused?f. Assume this loader has a recovery period of 5 years in TheModified Accelerated Cost Recovery System (MACRS), list annualdepreciation amount and book value for every depreciable year.(Annual depreciate rate is given in the following table)