A new electric saw for cutting pieces of lumber in a furniture manufacturing plant has a cost basis of $10,000 and an 8-year depreciableclasslife. The estimated salvage value of the saw is $1,000 after eightyears of use. Use the declining balance method to calculate the annual depreciationamountsand book values for the following two p-values. Tabulate the depreciation amounts and bookvalues for each year of the eightyear period.

a.p = 2/n for Double Declining Balance

b.p = 1/n for Declining Balance