1. Shockers Corp. acquires an asset for $200,000 which they estimate 3 years as the service life. For any taxable income, Shockers Corp uses a tax rate of 50%. a)Given double declining balance depreciation method, calculate the deprecation rateand then the depreciation amounts for year 1 through 3. 0 1 2 3 BV(t) D(t) How much tax will this corporation pay and what will be the ATCF for each of the following scenarios for the given year? b) After 3 years the asset is sold for $80,000. c) After 2 years the asset is sold for $300,000. d) After one year the asset is sold for $20,000