part 1)

A piece of equipment is purchased for $400,000 and has an estimated salvage value of $50,000 at the end of a five year recovery period. Using the sum of the years depreciation method, what is the book value in year 4?

Group of answer choices

$73,333

-$216,667

$120,000

$50,000

part 2)

A piece of equipment is purchased for $100,000 and has an estimated salvage value of $12,000 at the end of a seven year recovery period. Using the 200% declining balance depreciation method, what is the amount the equipment depreciated by (Dm) in year seven?

Group of answer choices

$4,174

$2,609

$1,281

$3,795