Maria is a wedding planner. She purchases a laserjet printer for invitations, save-the-date postcards, etc. The laserjet costs $599. The laserjet has an expected life of five years; at the end of which time Maria expects a rebate of $45 when she turns in her old laserjet and purchases a new one. Maria uses the straight-line method of depreciation. What is the annual depreciation on the laserjet? What is the book value of the laserjet at the end of year 2? What is the accumulated depreciation at the end of year 5?