$17.$ $$\_\_\_\_\_\_\_\_\_\_\_\_\_$ The company purchased equipment at the beginning of Year $1$ for $$400,000.$ In Years $1-4,$ the

company depreciated the asset on a straight$-$line basis with an estimated useful life of $8$ years and a $$30,000$ residual

value. What is the BOOK VALUE of the equipment at the end of year $4?$

Use the following to answer questions $1819$

The company purchased equipment for $$400,000$ on January $1,$ year $1.$ The equipment is expected to have a $5-$year

life, with a residual value of $$50,000$ at the end of its service life.

$18.$ $$\_\_\_\_\_\_\_\_\_\_\_$ Using the double declining balance method, determine depreciation expense for year $2.$

$19.$ $$\_\_\_\_\_\_\_\_\_\_\_\_$ Using the straight$-$line method, determine book value at the end of year $2.$