199 200 201 Class work - 30 mins 202 XYZ Co purchased an airconditioner for $5,600. The residual value is $1200. 203 The useful life is 3 years. The aircon was purchased on 31 May 2018. The financial year ends on 31 July. 204 Determine the depreciation expenses using: 205 a) Double decline balance method b) Straight line method. 207 If the asset was sold on 31 July 2019 for $2100, what is the gain or loss on disposal using double decline balance method? 208 206 Sheet1 Sheet2 Sheet