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3. The following information is available to you, notice that some figures are missing: Machinery (A) Year 1 Cost Equipment (T) Year 1 Depreciation (B)

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3. The following information is available to you, notice that some figures are missing: Machinery (A) Year 1 Cost Equipment (T) Year 1 Depreciation (B) Year 2 Depreciation (C) (2,000) (V) (W) (D) Year 3 Depreciation (2,000) 7,000 Year 4 Depreciation (E) (F) (10,000) 20,000 (6,667) 13,333 (Y) Year 5 Depreciation REQUIRED (a) State what method of depreciation has been used for each asset. (2 marks) (b) Ascertain what figures should be shown instead of those shown by the letters (A) to (H) and (T) to (Z). (23 marks) (Total 25 marks)

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