QUESTION $4$

$4\mathrm{.}1$ Differentiate between the book value and the market value.

$4\mathrm{.}2$ A high$-$speed camera has a cost basis of R$500000\mathrm{.}00$ and a $10-$year depreciable life. If the camera has an estimated SV of zero at the end of $10$ years. Calculate the annual depreciation deduction in year $5,$ cumulative depreciation through the $5$th year and the book value at the end of year $7$ using the DB method when,

$($i$)$ a $200\%$ DB and,

$($ii$)$ a $150\%$ DB method is specified.

$4\mathrm{.}3$ Differentiate between the straight line and the declining$-$balance depreciation method.