Rajiv Motors bought a large hydraulic lift on January $1,2010$ for $$83,000$ with an estimated useful life of $5$

years and a salvage$/$residual value of $$2900.$ On December $31,2012,$ they determine that the equipment

can be used for an additional $4$ years with a revised salvage$/$residual value of $$1200.$ Rajiv uses the straight

line method of depreciation.

a$)$ What is the Depreciation Expense in $2010$ a $2011?$

$

in $2010$

$

in $2011$

b$)$ What is the Book Value at the end of $2012?$

$

c$)$ What is the depreciation expense for $2014?$

$

d$)$ What is the Book Value at the end of $2014?$

$