Equipment purchased for £20000 is to be depre ciated using the doubl e-declin ing balance method, assuming a useful life of five years and salvage value of £2000 at the end of that time.

(a) Ca lculate the depreciat ion expense for each yea r of the estima ted useful life.

(b) Provid e journa l entri es to record the depreciation expense in each year and the disposal of the equipment at the end of the useful life on the assumption that the actual salvage value was: (i) £2000, (ii) £5000.