A global positioning system$($GPS$)$ receiver is purchased for

$$$$5$ comma $0005,000.$

The IRS informs your company that the useful$($class$)$ life of the system is

eighteight

years. The expected market$($salvage$)$ value is

$$$$350350$

at the end of year

eighteight.

a$.$ Use the straight line method to calculate depreciation in year

twotwo.

b$.$ Use the

$200200\%$

declining balance method to calculate the cumulative depreciation through year

threethree.

c$.$ Use the MACRS method to calculate the cumulative depreciation through year

fourfour.

d$.$ What is the book value of the GPS receiver at the end of year

threethree

when straight line depreciation is$$ used?