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? 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