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Question 5 (6 marks) On 1" January 2013, Green Ltd., a company that prepares financial...

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Question 5 (6 marks) On 1" January 2013, Green Ltd., a company that prepares financial statements to 31st December each year, buys a machine at a cost of /46,300. The useful life of the machine is estimated at four years with a residual value of /6,000. Requirement: Calculate depreciation charges for each of the four years using: (i) The straight-line method, (ii) The reducing balance method (at a rate of 40%)

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