1. (8 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 DDB Dep BV MACRS (year property) Dep 2. pes) If you sold the MACRS depreciated property above in year 3, how much depreciation would be allowed that year