5. A given item has a spelling price of $1,000. Its value depreciates at a rate of 12% per annum. What will be its selling price after 6 years? Tabulate the annual depreciation amounts and the book...

Extracted text: 5. A given item has a spelling price of $1,000. Its value depreciates at a rate of 12% per annum. What will be its selling price after 6 years? Tabulate the annual depreciation amounts and the book value of the equipment at the end of each year.