Question 1 [10+05= 15 marks] a). ABC Ltd recently purchased a new machinery for $130 000. Management expects the machinery to generate the following additional annual revenues and expenses during its useful life. Average incremental revenue $60 000 Average incremental expenses, no not including depreciation 30 000 The machinery has an expected life of five years and is depreciated using the straight-line method. Ignore any income taxes. Required: [5 marks] 1. Prepare a schedule showing the incremental revenue, incremental operating expenses, and incremental depreciation during each of the next five years