A small business purchases some office furniture for $43000 and will sell it for an estimated $6000 in 5 years. (Replace them with new furniture)

a. Compute the 2nd year depreciation amount, using the straight line depreciation.

b. Calculate the 3rd year depreciation amount, using the SOYD depreciation.

c. Calculate the 4th year depreciation amount, using DDB depreciation.

d. Calculate the 5th year depreciation amount, using MACRS depreciation.