T Corporation purchased equipment for $1,000,000. Residual value at the end of the estimated 6 years or 37,500 hours service life is expected to be $100,000 Calculate the following based on the following methods. For Straight-line: 1. Book value at the end of year 3 $ For 195% declining balance: 2. Depreciation expense for year 2 $ 3. Depreciation expense for year 3 $ (rounded to nearest dollar) For Activity based: Year Hours used 1 6,300 2 6,290 3 6,310 4 6,000 5 6,100 6 6,500 4. Depreciation expense for year 3 $ 5. Book value at the end of year 3 $