A high-precision programmable router for shaping furniture components is purchased by Henredon for $145,000. It is expected to last 12 years and have a salvage value of $15,000. Calculate the depreciation deduction and book value for each year.

Use declining balance depreciation using a rate that ensures the book value equals the salvage value. EOY Depreciation Deduction Book Value 0 1 O $ 2 LA S 3 $ $ 4. 4 $ $ 5 $ A 6 S S $ 7 $ S 8 S $ 9 $ 10 $ $ $ S 11 $ 12 A $