4. It is known that the book value of an asset depreciated through declining balance depreciation is $3.000 in year 3. Purchase price of the asset was $3.800. What is the asset's salvage value at the end of its useful life, which is 10 years? 5. Suppose that the purchase price of a piece of equipment is $1 million. Its salvage value at the end of its 5-year service life is $500,000. Depreciate this asset using straight line depreciation and declining balance depreciation