The company purchased equipment for $1,000,000. Residual value is expected to be $150,000 at the end of the estimated 5 years or 42,500 hours service life. Calculate the following based on the following methods. For Straight-line: 1. Book value at the end of year 3 $ For 180% declining balance: 2. Depreciation expense for year 2 $ 3. Depreciation expense for year 3 $. For Activity based: Year Hours used 8,530 2 8,520 3 8.410 4 8,540 8,500 1. Depreciation expense for year 3 $ 5. Book value at the end of year 3 $