A piece of equipment purchased for $560 will be depreciated straight line to zero. The IRS classifies this asset as having an eight-year life. The equipment will be used in a five-year project. The...

A piece of equipment purchased for $560 will be depreciated straight line to zero.  The IRS classifies this asset as having an eight-year life.  The equipment will be used in a five-year project.  The salvage value at the end of the project will be $40.  Find the book value of the equipment at the end of year three.

a.)208

b.)312

c.)210

d.)336

e.)350

f.)224