2. A private school is considering buying 10 smartboards to be installed in their classrooms. It is expected that the total initial cost for all 10 boards is $80,000 and they each have a $1,000 salvage value after 5 years. De- velop the depreciation schedule using the SL method. Determine the de. preciation value and book value in year 3. 3. An asset depreciates by $35,000/year for five years using the SL method. If the BV in year 3 is $135,000, Find the salvage value and the assets initial cost? An 4. An automated Enterprise Resource Planning (ERP) software costs $575,000 with the installation. The estimated useful life is 6 years with salvage of $100,000. Using the SL method, find (a) depreciation rate (b) annual depreciation value, (c) book value in year 3, and (d) book value in year 6. 5- A local construction company purchased a crane for $600,000. It is ex- pected to function for 7 years and then be sold as salvage for $60,000. The company asked you to use SL, 150% DB and DDB to determine the crane book value after 4 years. 6 Determine the initial cost for an asset that has a book value in year 4 6- Determine the initial cost for an asset that has a book value in year 4 of $165,000. Consider that the asset has a 10-year lifetime and the DDB method is used. 7- Develop a DDB and 150% depreciation schedule for a commercial cof- fee roaster machine that is purchased for $90,000. The machine has a 6-year life and a salvage value of $15,000. Use the depreciation schedule to answer the following: a. What is the BV after 3 years and after 6 years? b. Which of the two methods writes off more of the initial cost over the Nifetime of the machine? 8 A packaging engineer purchased an automated packaging machine for $400,000. The machine is a five-year recovery period asset. The salvage value for the machine is estimated at $100,000 after 5 years. Use the MACRS method to develop the five-year depreciation schedule and, the BV on year three? 10. Big AL Property Management has built 30 residential Townhomes for $ 6 million. Develop a depreciation schedule for their property using the MACRS method. Please note that the recovery period for this asset is 39 years. What is the book value for the asset after 30 years