Question 1 30 pts 1) A private company in New York bought office furniture and equipment at a cost of $265,000. The total salvage value of this equipment estimated to be 19% of the initial cost at the end of a depreciable life of 8 years. Determine the book value for this asset at the end of years 3 and 6 using the: a) MACRS method b) Straight Line method BIVA-AI E3311xxEE - 2 V GT 1: 12pt Paragraph