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Tiffany bought a piece of equivalent for $40,000. The equipment has a useful life of 5 years and a salvage value of $1,000 at the

Tiffany bought a piece of equivalent for $40,000. The equipment has a useful life of 5 years and a salvage value of $1,000 at the end of its useful life. Assume that the interest rate per year is 10%.

(a) (6 points) Calculate the depreciation for year 4, using DDB.

(b) (8 pts) Calculate the present worth (PW) of the depreciation, using the DDB depreciation.

(c) (8 pts) Calculate the present worth of the depreciation, using the straight line depreciation.

(d) (8 pts) Calculate the present worth of the depreciation, using the SOYD depreciation.

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