1. (6 pts) A piece of equipment used in your business had an initial first cost of $145K. What are the years depreciation values (the amount you deduct from your income to get your taxable income every year)? You estimate the equipment will last 5 years and can be salvaged then for $25K. Straight Line Dep 0 1 2 3 4 5 DDB Dep BV 0 1 2 3 4 5 MACRS (5-year property) Dep 1 2 3 4 5 6 2. (1 pts) If you sold the MACRS depreciated property above in year 3, how much depreciation would be allowed that year