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8* Answer in word please. Thank you 1. A machine has a useful...

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Accounting

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8* Answer in word please. Thank you

1. A machine has a useful life of 8 years. Calculate the annual depreciation based on: i. Straight line method ii. Double declining rate iii. 150% declining rate 2. A machine cost RM60,000 has a useful life of 3 years. If the company decide to depreciate it using a reducing balance at 150% declining rate, calculate the depreciation for the first, second and third year. 3. Assume an asset cost RM300,000 and has a useful life of 5 years. Using the reducing balance method at double declining rate, prepare the depreciation schedule for the asset

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