A piece of newly purchased industrial equipment costs $948,000. Assume the equipment is classified as five-year property under MACRS.

What is the depreciation expense in Year 5 for this equipment?

$105,254.60

$102,536.20

$94,604.80

$110,783.40

$109,209.60

What is the book value at the end of Year 5 for this equipment?

$84,532.80

$163,814.40

$109,209.60

$90,712.60

$54,604.80