Financial engineering.

Need this solved not using excel for calculations please step by step solutions. Thank you

Fundamentals of Depreciation Quantum Electronic Services paid P- $40,000 for its networked computer system. Both tax and book depreciation accounts are maintained. The annual tax recovery rate is based on the previous year's book value (BV), while the book depreciation rate is based on the original first cost (P). Use the rates listed below to calculate (a) annual depreciation, and (b) book values for each method. Year of Ownership Tax rate, % of BV Book rate, % of P Tax depreciation: Dr = Rate BV-1 Book depreciation: D, = Rate x P 2 40 40 40 40 25 25 25 25