Problem
Blank Lobes, Inc. just purchased a new psychograph machine for $100,000. The expected resale value after 4 years is $15,000. Determine the book value after 2 years using (a) MACRS depreciation. (b) Straight-line depreciation. (c) Sum-of-the-years' digits (SOYD) depreciation. (d) 150% declining balance depreciation.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.