A piece of newly purchased industrial equipment costs $948,000. Assume the equipment is depreciated straight-line to zero over its six-year tax life.

What is the depreciation expense in Year 4 for this equipment?

$142,000

$167,000

$158,000

$175,460

$184,200

What is the book value at the end of Year 4 for this equipment?

$474,000

$632,000

$721,000

$316,000

$519,000