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Question 1: A plant asset acquired on July 1, 2015, at a cost of SR230,000 has an estimated useful life of 2 years. The residual value is estimated to be SR30,000 at the end of the asset's useful life. Instructions Prepare a depreciation schedule for the plant asset using the straight-line method. Question 2: A plant asset acquired on January 1, 2015, at a cost of SR240,000 and has an estimated useful life of 5 years. The residual value is estimated to be SR50,000 at the end of the asset's useful life. (Company is using straight line method). Instructions If the company sold the asset on 31 August 2018 by SR 90,000 what would be the entry to record the disposal of the asset? I go, doo 19, 0005 38000 Year 2o1 6 80v 3 8cco 2o 2000 201 7 000 2e7 7 6600 64 000 Bo00 2o2 126,66627 25,333 101, 333 133, 667 8000 3 800 Cr Cash ,000 11,333 ACC Loss onsti-y