A ould be done within 15-20 min. after submitting the test. estion 1 1) A private company in New York bought office furniture and equipment at a cost of $255,000. The total salvage value of this equipment estimated to be 17% of the initial cost at the end of a depreciable life of 8 years. Determine the book value for this asset at the end of years 3 and 6 using the: a) MACRS method b) Straight Line method BIVA-A- IE * 111xx, E 2 V T 12pt - Paragraph - Extensions Preferenc