1 EXERCISE 1 Determine the value of R13 000 after it has depreciated for 3 years at 6% p.a: 1.1 on the straight line method 1.2 on a reducing balance. 2 A farmer bought a tractor. Five years later it had a book value of R168 345,22. Determine the original value of the tractor if the annual rate of depreciation was 14% p.a. 2.1 on the straight line method 2.2 on the reducing balance method. 3 A machine costs R48 000 and has a scrap value of R8 000 after 10 years. Find the annual rate of depreciation, correct to two decimal places, if it is calculated on the: 3.1 straight line method 3.2 reducing balance method.