The manager of a plant that manufactures stepper drives knows that Modified Accelerated Cost Recovery System (MACRS) and Double Declining Balance (DDB) are both accelerated depreciation methods, but out of curiosity, he wants to determine which one offers faster write-off in the first 3 years for equipment that has a first cost of $600,000, a 5-year life/recovery period, and a $20,000 salvage value. Determine which method provides a faster write-off for 3 years (i.e., yields lower book-value in year 3) and by how much? (Note: Use GDS 5-year recovery period for MACRS presented in class notes) DDB provides faster write-off for 3 years (i.e., DDB provides lower book value in year 3 ) and difference in book values is $43,200 MACRS provides faster write-off for 3 years (l.e. MACRS provides lower book value in year 3 ) and difference in book values is $43,200 None of the above MACRS provides faster write-off for 3 years (i.e., MACRS provides lower book value in year 3 ) and difference in book values is $86.900 DDB provides faster write-off for 3 years (i.e., DDB provides lower book value in year 3 ) and difference in book values is $86,900