Question 8 O pts Nicholas J. is planning to buy a new upgraded SUV. The new SUV costs $40,000. After 7 years, the SUV is expected to have a salvage value of $1,679 in scrap. Question 7: Calculate the depreciation schedule using the following: 150% Declining Balance for year 2 only (depreciation and book value). Grading Criteria: Setup: 1 point Calculations: 0.4 points Answer: 0.2 points Statement: 0.2 points HTML Editore B IV A. A. I E | | | x x = = 11 12pt . Paragraph O words