2. The TLC Clinic purchased a new surgical laser for $64,000. The estimated residual value is $4,000. The laser has a useful life of six years and the clinic expects to use it 10,000 hours. it was used 1,600 hours in year 1;2,100 hours in year 2;2,400 hours in year 3; 1,400 hours in yoar 4;2,000 hours in year 5;500 hours in year 6 . Instructions (a) Calculate the annual amortization for each of the six years under each of the following methods: (i) straight-line. (Application 11 mark) (b) If you were the accountant of the clinic, which method would you deem as most appropriate? Justify your answer. (Thinking/Inquiry 12 marks) (c) Which method would result in the lowest reported income in the first year? Which method would result in the lowest total reported income over the six-year period? (Thinking/Inquiry 12 marks)