Consider a $90,000 piece of machinery, with a 5-year depreciable life and an estimated $5,000 salvage value at the end of its 5-year life. Compute the depreciation schedule and the book values for the equipment by each of the following methods:
a. Straight-Line
b. Sum-of-years'-digits
c. Double-declining balance
d. MACRS-GDS depreciation (5-yr property)
e. MACRS-ADS depreciation (5-yr property)