Compute the straight line depreciation for equipment for each year with a cost of $$150,000,$ a $5-$year useful life, and a $$5,000$ salvage value.

$\backslash$table$[[$Depreciation Expense Computation: Straight line,$],[$$$150,000$ cost; $5-$year useful life; $$5,000$ salvage value,,$],[$Year #$,$Annual Depreciation,Remaining Balance$],[$Beginning Balance $=,,],[1,,],[2,,],[3,,],[4,,]]$

Now, Set up a purchase scenario of your own and compute the depreciation with and without salvage value. Create a chart here: