Question: Amachine costs $8,000. It will be kept for five years, and then sold for an estimated figure of :2,400. Show the calculations of the figures

Amachine costs $8,000. It will be kept for five years, and

Amachine costs $8,000. It will be kept for five years, and then sold for an estimated figure of :2,400. Show the calculations of the figures for depreciation (to nearest () for each of the five ears using (a) the straight line method, (b) the reducing balance method, for this method using depreciation rate of 20 per cent

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