ABC CO. LTD purchased a machine at a cost of 23.000-. It expects that the machine will be used for a period of 4 years. The scrap value of the Asset at the end of the useful economic life is 3,000. During the 4 years of utilization the following table shows the working hours per year: Year 1 500 hours Year 2 300 hours Year 3 150 hours Year 4 50 hours Requirement: A) Calculate the depreciation of the years Y1,82,83 and Y4 using the Production Output Method (All Calculation Must Be Shown to the Nearest Euro). MARKS 8 B) Calculate the scrap value MARKS 2 B I E SS