Question: 1 . Show all work utilizing written formulas, conversion notations when applicable, and numeric values for answers. Youngblood Shipbuilding Yard just purchased $ 8 0

1. Show all work utilizing written formulas, conversion notations when applicable, and numeric values for answers. Youngblood Shipbuilding Yard just purchased $800,000 in capital equipment for Ship-repairing functions on dry-docked ships. Estimated salvage is $150,000 for any year after 5 years of use. Compare the depreciation and book value for year 3 for each of the following depreciation methods:
(a) MACRS-GDS with a recovery period of 10 years
(b) Double-declining balance with a recovery period of 15 years
(c) MACRS-SL with a recovery period of 15 years

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