Question: (c) A food processing machine costing RM30,000 has a useful life of five years and a salvage value of RM8,000. Using the straight-line method, find

 (c) A food processing machine costing RM30,000 has a useful life

(c) A food processing machine costing RM30,000 has a useful life of five years and a salvage value of RM8,000. Using the straight-line method, find the: i. annual depreciation, book value at the end of third year. (2 marks) (d) A machine was brought at the price of RM80,500. The expected life of the machine is 15 years. If the scrap value of the machine is RM10,500, find (Use straight line method): i. the annual depreciation, ii. the annual rate of depreciation, iii. the book value at the end of year 10

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