Equipmnent is purchased today for use over the next $8$ years. The purchase price of the

equipment today is $$559000.$ The salvage value in $8$ years is $$41970.$ Your accountant

has decided to depreciate the equipment using a straight line depreciation method for

determining book values.

a$)$ What is the depreciation charge in the $8$th year?

b$)$ Your accountant changes her mind and decides to use the Double Declining Balance

depreciation method to determine book value. With this change made, what is the

depreciation charge in the $8$th year?

c$)$ For tax purposes, the equipment is depreciated using the Canadian Capital Cost

Allowance method at a rate of $30\%.$ For tax purposes, what is the depreciation

charge in the $4$th year?