and any two characteristics of ordinary shares. 14marks] (e) Jacob Co purchased an asset for K100, 000 on 01 January 2016. It had an estimated useful life of 5 years and it was depreciated using the double reducing balance method at a rate of 40%. On 1 January 2018 it was decided to change the method to straight line. Required Show the depreciation charge for each year (to 31 December) of the asset's life. (5marks]