Problem 5 (15 points) A new machine tool is being purchased for $150,000 and is expected to have a $25,000 salvage value at the end of its 8-year useful life. Determine the depreciation for the machine tool's depreciable life using: i) the straight-line method; ii) the 200% declining balance method; and iii) the MACRS method (GDS 7 year recovery). EOY Straight-Line Method Depreciation Declining Balance Method Depreciation MACRS Method Depreciation 1 2 3 4 5 6 7 8