An asset owned by Photon Environmental was book-depreciated by the straight line method over a 7 year period. The book values in years 2 and 3 were $296,000 and $217,000 respectively. Determine the Salvage value (SV) used in the calculation. Submit the calculated answer. Therefore, if it is negative include (-) negative sign. Ex: Solution is - $500 submit -500 Question 4 20 pts An automated assembly robot that cost $400,000 has a depreciable life of 5 years with a $100,000 salvage value. The MACRS depreciation rates for years 1, 2, and 3 are 20%, 32% and 19.2% respectively. What is the book value at the end of year 6? O $23,040 $115,200 0 $0.00 O 0.192% Question 5 20 pts Which of the following is NOT true about salvage values in regards to deprecation methods. When using the MARCS method the salvage value is assumed to be zero. O In all methods the estimated and the implied salvage value should be equal at the end of the life of the asset. O When using the declining balance method if the implied salvage value is less than the estimated salvage value no more depreciation is calculated for the asset