A global positioning system (GPS) receiver is purchased for $3,500. The IRS informs your company that the useful (class) life of the system is six years. The expected market (salvage) value is $300 at the end of year six. a. Use the straight line method to calculate depreciation in year two b. Use the 200% declining balance method to calculate the cumulative depreciation through year three. c. Use the MACRS method to calculate the cumulative depreciation through year four. d. What is the book value of the GPS receiver at the end of year three when straight line depreciation is used? Click the icon to view the summary of the principal features of GDS under MACRS. Click the icon to view the GDS Recovery Rates (). a. Using the SL method, the depreciation amount in year two is $ (Round to the nearest dollar.) b. Using the 200% DB method, the the cumulative depreciation through year three is $. (Round to the nearest dollar.) c. Using the MACRS method, the cumulative depreciation through year four is SL (Round to the nearest dollar.) d. The book value of the GPS receiver at the end of year three when straight line depreciation is used is (Round to the nearest dollar.)