NH CableSource purchased a depreciable asset on January 1, 2013 at a cost of $500,000. The asset is expected to have a salvage value of $75,000 at the end of its five-year useful life.The asset will produce 100000 parts at 25000 year 1, 20,000 year 2, 15,000 year 3, 20,000 year 4, 20,000 in year 5.Show the depreciation entry for year 3 using the straightline method of Depreciation.What is the book value at the end of year 3.