1. A machine is purchased for $50,000. It has an estimated salvage value of $10,000 at the end of its 8-year useful life. Compute the depreciation D, and book value BVj for each of the first 3 years using: a) Straight-line (SL) depreciation b) Sum-of-years' digits (SOYD) depreciation Report your results in a table set up like the following Year D, SL BV, SL D SOYD BV, SOYD 2