Recently, our college has decided to upgrade the entire computer system in each classroom - control panel, software, and projector systems, along with many other features. The total amount for this upgrade will be $1,000,000. The entire system will be used 5 years. Due to the nature of high-tech equipment, they will have zero (\$-0-) value at the end of the fifth year. What is the amount of annual depreciation expense our college has to report on the accounting report each year? (Use the straightline method: this is the method we used in class practice). (Put numbers only. Do not include a dollar sigh (\$) or a comma (.) in your answer. If your answer is $1,000 just put 1000 ). The Canvas will put "automatically, Question 24 1 pts Recently, our college has decided to upgrade the entire computer system in each classroom - control panel, software, and projector systems, along with many other features. The total amount for this upgrade will be $1,000,000. The entire system will be used 5 years. Due to the nature of high-tech equipment, they will have zero (\$-0-) value at the end of the fift year. Determine the amount of the (Net) Book Value at the end of the second year. (Put numbers only. Do not include a dollar sign " $ " or a comma "." in your answer. If your answer is $1,000 just put 1000 ). The Canvas will put ;" automatically