A firm bought a machine for 38,000. It is expected to last for 5 years, with a salvage value of 3,000. What is the amount of depreciation chargeable in the second year, using the straight line method? Select one: A 7,600 B. 4,200 C. 5,000 D. 7,000 A Company Van costs 35,000. It is to be depreciated on a reducing balance basis at a rate of 30% per anum. What is the net book value at the end of year 3 ? Select one: A. 7,350 B. 10,500 C. 17,150 D. E12,005