Peter is an industrial engineer working for an international consulting company in Europe where the straight line method and the declining balance method of depreciation are utilized. He is about to conduct anafter tax analysis that involved a $500000 investment, for a 10 year life piece of equipment where accelerate write-off of the capital investment is very important. The estimated salvage value is $100000. To show the effect of different methods, calculate the first year of depreciation for the following methods. Classical SL, 150% and MACRS.