1. (20 pts) You would like to compute the book depreciation of an asset with a cost basis of $600,000, a salvage value of $100,000, and a service life of 6 years. You will begin with double-declining balance depreciation and switch to straight line. a) Determine the depreciation amounts for years 1-6 and their associated book values, making sure to clearly show when the switch to straight line should occur. b) Draw and fill in a depreciation table like the one below. n Depreciation Method Depreciation Book Value, TON/A N/A $ 600,000 - 1/ 2 DI 3 1