An automobile company has purchased a wheel balancing device. The cost basis of equipment purchased is $60,000 and at the end of an estimated useful life of 14 years it has an estimated MV of $12,000. Compute: (a) Tabulate the book value and depreciation by sum of the year digit method(b) What will be the depreciation amount in the third year and the BV at the end of the fifth year of life by using the straight line method of depreciation?(c) What will be the depreciation amount in the third year and the BV at the end of the fifth year of life by using 200% DB method with switchover to straight line method of depreciation?