1) (6 pts) Consider an asset that costs $600,000 and is depreciated straight-line to zero over its 5-year tax life. Fill in the depreciation schedule and resulting book value given below. Asset Cost = $600,000 Depreciation Expense YR 1 = Depreciation Expense YR 2 = Depreciation Expense YR 3 = Depreciation Expense YR 4 = Depreciation Expense YR 5 = Book Value Yr 1 = Book Value Yr 2 = Book Value Yr 3 = Book Value Yr 4 = Book Value Yr 5 = If the asset is used in an expansion project but is sold after 3 years for $260,000, what is the after-tax salvage value associated will the sale of the asset in year 3 assuming the appropriate tax rate is 30%? After-Tax Salvage Value =$_