PLEASE ANSWER ALL THE PARTS , USE COMMAS AND DOLLAR SIGN IN EASH FIGURE

Read the following case and then answer questions On 1 January 2018 a company purchased a mad-line at a cost of 831000. tts useful life is estimated to be 10 years and then it has a residual value of $1000. At 31 December 2018 it was estimated that the machine could be sold for 53,500. Howeven if the company could make a maintenance to the machine; it would be sold for 561000. The maintenance fee was SL500. At the same time: if the company continued to use the machine; management estimated that it would generate net cash inflows with a present {discounted} value of 561200. New plant ofthe same type would cost 531000 at 31 December 2018. Required: [1]Ca|culate the amount of value for this asset shown in the nancial statement at the year-end 2018 {use the straight-line depreciation method}. {2 marks} {2}Calculate these values of this machine at the yearend 2018: net realizable value, economic value, and net replacement cost. {6 marks} {3]Calculate the deprival value of this machine at year-end 2018. {4 marks} {4}E:rrplain the meaning of deprival value in this case [3 marks] [5}Suppose you try to write a research paper based on this case with a stance of advocating altematives to the historical cost method. In this case, identify which cost.r value associates to the historical cost, and which ones associate to altematives [5 marks]? 1u'rr'ould this paper be positive accounting theory or normative accounting theory? [5 marks}