2. What is another term that accountants use that means the same as "cost recovery"? 3. Why for every class of asset does the table list one additional year? For example, there are six years listed for 5-year property classes. 4. What are examples of assets that fall into the 5-year class? This and following questions relate to your basic understanding of non-tax depreciation from financial accounting. 5. If you bought an asset for $100 with a 5-year life and no residual value, how much would you depreciate each year under straight-line? 6. If you bought an asset for $100 with a 5-year live with no residual value, how much would you depreciate in years 1 through 5 under double-declining balance. Do not use the tables below. Round to nearest penny, and ensure that total is $100. Year I 2 3 4 5