A piece of equipment purchased for $45,000 and has an estimated salvage value of $2,000 at the end of the recovery period. Prepare a depreciation schedule for the piece of equipment using the sum-of-the-years method with recovery period of 6 years. What is the book value of the equipment after year 3 ? $8,800 $14.285.71 $8,190.48 $22.476.19 $16,667