8. (20 points) For a new car that costs $50,000, has annual expenses of $6,000, and a salvage value of $10,000 at the end of its life of 10 years. Assuming an interest rate of 8%, what is: 3. Amount by which the car depreciates each year using straight line depreciation ? b. Book value of the car at the end of the third year using straight line depreciation? c. The depreciation amount in the 6th year of its life using MACRS depreciation method? d. Book value of the car at the end of the third year using MACRS depreciation? Use the following videos to understand the basics of straight-line and MACRS depreciation to solve the problem: htt s://www. outubc.com/watch?v=Ck5kGS rzHY https://Www.youtubc. com/watch?v:WMtiCPEquM