A contractor purchased a tractor at a cost of $135,000 and plans to use it for 5 years which time she estimates the salvage value of the tractor will be $65,000. Using the depreciation methods shown below, what is the book value of the tractor at the end of each of the 5 years? solve using all three of these methods
a) Straight-Line Method
b) Sum-of-the-year Method
c) 150% Declining Method