(a) For accounting purposes. UTT's facilities manager obtains the following accounting information for one of its electric wheelbarrows: asset's cost basis, P = $16,000, useful life, n = 7 years, estimated salvage value, F = $1,500. Compute the annual depreciation allowances and the resulting book values using the sum-of-years-digits depreciation method. Present your results in a table. [10) (b) A depreciable asset initially costs $12,000, has a 5-year useful life and $2000 salvage value. Using double declining balance method determine: 1. The depreciation for the first full year of use. 2. The asset's book value at the end of the fourth year