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2) An asset has an initial cost of $60,000, a salvage value of $5,000, and a depreciation life of 6 years. a) Determine the book value for year 3 using sum-of-the-years-digits depreciation Determine the depreciation for year 3 using double declining balance depreciation Determine the equivalent annual capital recovery plus a 12% return for year 3, assuming declining balance b) c) depreciation