Answer each question using the information below. Each question is independent of the others. Equipment Cost Installation Labor Freight Repairs of Damage during installation Insurance on Freight Estimated Salvage Value Useful Life $134,000 $4,500 $10,000 $6,000 $1,500 $20,000 8 years What is the BOOK VALUE after 3 years of depreciation, using Straight-Line. 91,250 2 105 What is the ACCUMULATED DEPRECIATION after 3 years, using DOUBLE DECLINING BALANCE. 3 10 What is the DEPRECIABLE VALUE of the asset? 4 10 s Assuming Straight-Line Depreciation, at the end of year 4, an improvement is made that costs $9,000 and adds 1 year of life to the equipment. Salvage value is not changed. Compute the Year 5 DEPRECIATION EXPENSE