1) (20 points) A capital asset costs $300,000, has a useful life of 5 years, and zero salvage value at the end of its useful life. Determine the depreciation allowances for the first two years and book value at the end of year 1 and year 2 for the following methods. a) (4 points) Straight-line depreciation (no half-year convention) b) (8 points) Double Declining Balance depreciation (no half-year convention) c) (8 points) MACRS-GDS 5-year property