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You purchase a $8,000 computer for your business with a three-year useful life. At the end of three years the computer is only worth $400. You choose to depreciate this equipment using straight line depreciation. Complete the following chart (as it covers a five-year period not all rows may have entries) You purchase an industrial $5,000 die cutting machine for your business that has a four-year useful life. At the end of four years the equipment is worth ZERO. You choose to depreciate this equipment using double declining depreciation. Complete the following chart (as it covers a five-year period, not all rows may have entries) Your purchase a $1,500 paper folding machine for your business that has a 5 -year useful life. It also will have a zero-salvage value. However, instead of depreciating it you choose to expense it. Complete the following chart #4 What is your tax deduction for each of these, in other words How much will your taxable income be reduced by: \begin{tabular}{|l|l|l|l|} \multicolumn{1}{c|}{} & Chart A & Chart B & Chart C \\ \hline Year 2 & & & \\ \hline \end{tabular}