3) Depreciation Methods: (15 pts): a. Roarin' Tigers purchased a baja for $720,000 at the beginning of year 1. The baja has an estimated useful life of four years and an estimated residual value of $60,000. The baja, which should (hopefully) last 20,000 miles was operated 6,000 miles in year 1; $8,000 in year 2; 4,000 miles in year 3; and 2,000 miles in year 4 b. Compute the annual depreciation and carrying value for the baja for each year assuming the following depreciation methods: i. Straight line ii. Double-declining balance iii. Units of production