Question 3: (from chapter 27) On 1st January 2016 a business purchased a laser printer costing 1,800. The printer has an estimated life of four years after which it will have no residual value. It is expected that the output from the printer will be: Year Sheets printed 2016 33.800 2017 43.700 2018 47.700 2019 54.600 179.800 Required: (a) Calculate the annual depreciation charges for 2016, 2017, 2018 and 2019 on the laser printer on the following bases: (i) the straight line basis; (ii) the reducing balance method at 60 percent per annum; and (ii) the units of output method (where depreciation each year is the ratio of that year's output to overall expected output). (6) Suupose that in 2019 the laser printer were to be sold on 1st July for 200 and that the business had chosen to depreciate it at 60% per annum using the reducing balance method applied on a month for month basis (that means the month depreciation for 2019 will be taken into account as half of what would have been the depreciation in 2019 in total). Recustruct the following accounts for 2019 only (no need to show previous years): (i) the Laser Printer account; (i) the Provision for Depreciation - Laser Printer account; and (ii) the Asset Disposal account