QUESTION $4$

Golden Bear Builders just bought a brand$-$new excavator for an earthworks project in Lester, WV$.$ The equipment cost the company $$250,000.$ The estimated salvage at the end of the expected life of $8$ years is $$50,000.$ The company uses a double declining balance depreciation method to estimate their tax burden and needs your help. Find the book value of the equipment after five years of service.