A potential new project has an expected salvage value of $300,000 and an expected book value of $200,000 at the end of its 5-year expected life. What taxes would the company own at the end of year 5 because of this project's expected salvage value of their tax rate is 40%. a. $80,000 b. $0 c. $120,000 d. $40,000

Bayside coatings company purchased waterproofing equipment on january 2, 20y4, for $190,000. the equipment was expected to have a useful life of four years and a residual value of $9,000. instructions: determine the amount of depreciation expense for the years ended december 31, 20y4, 20y5, 20y6, and 20y7, by (a) the straight-line method and (b) the double-declining-balance method. also determine the total depreciation expense for the four years by each method. depreciation expense year straight-line method double-declining-balance method 20y4 $ $ 20y5 20y6 20y7 total $