3. Depreciation Problem Equipment was purchased at he beginning of the year for $105,000. The asset is expected to last for five years, at which time the salvage value will be $15,000. REQUIRED: Complete the table below if the company uses straight-line depreciation.. Year 0 Deprec. Expense Accum. Deprec. Net Book Value 0 105,000 18,000 18,000 87,000 0 1 2 Cost 105,000 105,000 105,000 105,000 105,000 105,000 3 4 5 15,000 ROUND TO WHOLE NUMBERS! REQUIRED: Complete the table below if the company uses Double-Declining Balance Depreciation. Use only enough depreciation in the last year to reduce the Net Book Value to $8,165. Year 0 Deprec. Expense Accum. Deprec. Net Book Value 0 105,000 1 N Cost 105,000 105,000 105,000 105,000 105,000 105,000 3 4 5 8,165 ROUND TO WHOLE NUMBERS! 25 points