An asset purchased for $500,000 is anticipated to last for ten years in service with a salvage value of $50,000. (a) Calculate the annual book values of the asset based on Straight Line Method (SLM) of depreciation Sum-of -years digit (SYD) Method of depreciation (b) Plot the graph for book values for the two methods of depreciation (c) Determine from the graph the disposal values used for the asset at the end of the 8th year under each method of depreciation