Harrison, a facilities manager, would like to purchase a new commercial water filtration system for a building he manages. He estimates this would cost $10,000 and would have a salvage value of $500 after 7 years of use. Using straight-line depreciation, what would be the depreciation allowance and book value after 3 years of use? Depreciation $ allowance: Book value: $ Carry all interim calculations to 5 decimal places and then round your final answers to 2 decimal places. The tolerance is \pm 3.00 . eTextbook and Media Hint Assistance Used First compute the annual depreciation allowance and then construct a depreciation table to calculate the depreciation allowance and book value after 3 years. Last saved 1 second ago. Saved work will be auto-submitted on the due date. Autosubmission can take up to 10 minutes. Attempts: 0 of 1 used Attempts: 0 of 1 used