Five Satins Company purchased a piece of equipment at the beginning of 2014. The equipment cost $ 430,000. It has an estimated service life of 8 years and an expected salvage value of $ 70,000. The sum-of-the-years'-digits method of depreciation is being used. Someone has already correctly prepared a depreciation schedule for this asset. This schedule shows that $ 60,000 will be depreciated for a particular calendar year. Determine for what particular year the depreciation amount for this asset will be $ 60,000. Year of depreciation