$(12$ marks$)$ You purchased a car which cost you $$35,000.$ The tax office allows a six$-$year depreciable

life. The estimated salvage value of the car is $$5,000$ at the end of six years. Calculate: $1)$ The annual

depreciation amounts using the Straight Line $($SL$)$ method; $2)$ The book value of the car at the end of

each year.You purchased a car which cost you $$35,000.$ The tax office allows a six$-$year depreciable life. The estimated salvage value of the car is $$5,000$ at the end of six years. Calculate: $1)$ The annual depreciation amounts using the Straight Line $($SL$)$ method; $2)$ The book value of the car at the end of each year.