1. (9 pts) A piece of equipment used in your business had an initial first cost of $432K. 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 7 years and can be salvaged then for $98K. Straight Line Dep d 1 2 3 4 5 6 7 DDB Dep BV 1 2 3 4 5 6 ONMN MACRS (5-year property) Dep 0 2 3 4 5 6 7 8 ONm 00 2_1 pt) If you sold the MACRS depreciated property above in year 4, how much depreciation would be allowed that year