3. The plant manager of a fiber optics company knows that the remaining capital investment in several types of capital equipment is more closely approximated to the Straight-line depreciation methods than the rapid write-off methods like the MACRS. Therefore, he keeps four sets of books, one for tax purposes (the MARCS) and the other three for equipment management purposes. For an asset that has an initial cost of $120,000, a depreciable life of 5 years and a salvage value of 25% of the initial cost: Compute the depreciation schedule (table) for the equipment including its book value each year using the Straight-line depreciation method ii. Compute the depreciation schedule for the equipment including its book value each year using the MACRS depreciation method. (use a five-year asset class). ii. Compute the depreciation schedule for the equipment including its book value each year using the Sum of years Digits iv. Compute the depreciation schedule for the equipment including its book value each year using the Double Declining Balance method