Your company just purchased a new conveyor line for $250,000. The conveyor has a useful life of approximately 8 years. The salvage value of the conveyor after its useful life is projected to be $15,000. From this information, answer the following questions: 1) What is the annual depreciation expense your company will recognize for this equipment? (5 pts) 2) If you are seeking to REDUCE your depreciation expense for this piece of equipment, what creative measures might you be able to take that will not get you into trouble with the regulators or your audit committee?