Q3. GM purchased $50 million of equipment that has an expected useful life of 4 years and no salvage value. If GM uses the straight line depreciation method: a) b) c) Calculate the depreciation schedule for the 4 years. What value was reported on the Statement of Financial Position at the end of year 3? Assuming, in this case, that GM uses the declining balance method with a depreciation rate of 40%. Calculate the depreciation schedule for the 4 years