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Question 2.5 points) An equipment is bought at $120,000 and the depreciation period is assumed to be 4 years. The salvage value is estimated to be $20,000. Using the straight-line declining balance method, find the depreciation expense and the book value in the table. Show your calculations for full credit Book value Depreciation 0 Year (purchase) Year 1 Year 2 Year 3 Year 4 3