The depreciation data for a property are as follows: Book Value = $350,000 Salvage value = $50,000 Depreciable life = 5 years a) Compute the second year depreciation (dz) for the asset using: . Straight line method (3 points) Double declining balance method (3 points) Sum of the year digits method (3 points) b) Develop the depreciation schedule using the MARCS-GDS method. (6 Points TABLE 11-3 MACRS Depreciation for Personal Property: Half-Year Convention Recovery Year 3-Year Property 20-Year Property Applicable Percentage for Property Class 5-Year 7-Year 10-Year 15-Year Property Property Property Property 20.00 14.29 10.00 5.00 32.00 24.49 18.00 9.50 19.20 17.49 14.40 8.55 1 33.33 44.45 14.81 3.750 7.219 6.677 3 7:41 11.52 11.52 5.76 12.49 8.93 8.92 1152 9.22 7.37 7.70 6.93 6.23 6.177 5.713 5.285 6 7 8 9 8.93 4.46 6,55 655 6.56 5.90 5.90 5.91 4.888 4.522 4462 10 11 12 6.55 3.28 5.90 5.91 5.90 4.461 4.462 4.461 13 14 5.91 5.90 5.91 4.462 4.461 4.462 15 2.95 16 17 18 4.461 4.462 4.461 19 20 21 4.462 4.461 2.231 Depreciation Cumulative Depreciation Year MACRS % Book Value at the End of Yeart for Yeart to Yeart t P% de di BV 1 1 2 3 4 5 6