Question 5 As an engineer you are responsible for calculating the depreciation of the following machines: - Bending and shearing machines, bending machine was purchased for $20,000 and $2,000 more was spent on its special bending blocks. The estimated residual value after ten (10) years was $1,000. Using Straight-Line (SL) method, determine the annual rate of depreciation and the amount of depreciation and Book Value (BV) at the end of three (3) years after the purchased of the machine.$5,000 is the cost basis for the shearing machine to be purchased. If the estimated salvage value (SV) of the machine is zero at the end of five (5) years, calculate the annual depreciation amounts when R = 2/N (200% DB method). Using Declining Balance (DB) method, tabulates the annual depreciation amount and Book Value (BV) for the first three (3) years. (17 marks)