Calculating Depreciation and Book Value: Acquisition Cost = 250,000 Residual value = 25,000 Estimated useful life = 10 Depreciation method = SL Required: 1. Prepare a depreciation schedule using the table on slide 8-13 as an example. 2. Calculate gain or loss if the asset is sold at the end of year 4 for $150,000. 3. Calculate gain or loss if the asset is sold at the end of its useful life for $33,000. 6.58.2Oa