Question: please answer this now 5. An asset for drilling was purchased and place in service by a petroleum production company. Its initial investment is 80,000

please answer this now 5. An asset for drilling was purchased

please answer this now

5. An asset for drilling was purchased and place in service by a petroleum production company. Its initial investment is 80,000 and it has an estimated SV of 11,000 at the end o an estimated useful life of 14 years. Compute the depreciation amount in the third year and the BV at the end of the 5th year of life meina atroiabt line

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