a moving company, has purchased a large new truck tractor for over-the-road use. It has, with additional options, a cost basis for depreciation purposes of $200000. Its MV at the end of 5 years is estimated to be $50000.

1- What is the BV at the end of the third year using straight line depreciation method?

2- calculate the declining balance rate?

3- find the cumulative depreciation through the end of the 2nd year assuming it will be depreciated under the GDS?