Question 1 10 pts A small business purchases some office furniture for $43000 and will sell it for an estimated $6000 in 5 years. (Replace them with new furniture) Complete problems 1-4 below. 1 (10 points). Compute the 2nd year depreciation amount, using the straight line depreciation. $6300 $6800 $7200 $7800 Question 2 10 pts 2 (10 points). Calculate the 3rd year depreciation amount, using the SOYD depreciation. $6300 $6800 $7200 $7800 Question 3 10 pts 3(10 points). Calculate the 4th year depreciation amount, using DDB depreciation. $3072 $3316 $3629 $4020 Question 4 10 pts 4(10 points). Calculate the 5th year depreciation amount, using MACRS depreciation. $1876 O $2885 $3751 $4792 Question 1 10 pts A small business purchases some office furniture for $43000 and will sell it for an estimated $6000 in 5 years. (Replace them with new furniture) Complete problems 1-4 below. 1 (10 points). Compute the 2nd year depreciation amount, using the straight line depreciation. $6300 $6800 $7200 $7800 Question 2 10 pts 2 (10 points). Calculate the 3rd year depreciation amount, using the SOYD depreciation. $6300 $6800 $7200 $7800 Question 3 10 pts 3(10 points). Calculate the 4th year depreciation amount, using DDB depreciation. $3072 $3316 $3629 $4020 Question 4 10 pts 4(10 points). Calculate the 5th year depreciation amount, using MACRS depreciation. $1876 O $2885 $3751 $4792