1. Your company purchased an asset that cost $450,000. The asset is in the 10-year property class. There are two scenarios: Scenario 1, the asset is kept 12 years and then sold in year 12 for S75,000; Scenario 2, the asset is kept 8 years and then sold early during year 8, for $125,000. Use both MACRS methods with the half-year convention to compute deprecation expenses, ycar by year. There are four depreciation schedules for this problem: (two scenarios) x (two methods) 2. Using the same data as in problem 1, compute the net cash proceeds from the sale of the asset, assuming a marginal tax rate for operating income of 35%. Again, there are (two scenarios) x (two methods) 3. Your company purchased an asset that cost $450,000, and had an expected salvage value of $100,000 after 10 years of use. Compute the annual depreciation that would be taken, year-by-year, using classical or pre-1981 methods, without the half year convention. The asset has a 10-year depreciation life, and it is kept this amount of time and then sold for S100,000. Use the SL, SYD, and 20090DB methods. 4. A company obtained a loan to help finance the asset. The question is how to repay the loan. There are two popular options: equal principal payments and equal total payments (the total of principal and interest is the same cach year). Prepare loan repayment schedules for these two methods [easy] Amount borrowed 400,000Annual loan interest rate 8% | Years to repay 10