(b) Original cost of motor vehicle Estimated useful life Estimated residual value RM120,000 10 years RM5,000 REQUIRED: Calculate the annual depreciation charge using the straight-line method. (4 marks) (b) Goldenfox Sdn Bhd. purchased a machinery for RM50,000 on 1 January 2016. Calculate the depreciation charged for 2017, 2018, 2019, and 2020 using reducing balance method at 15% depreciation per year. REQUIRED: Prepare the relevant table that show: |i. The total cost (1 marks) ii. Depreciation charged iii. Accumulated depreciation (3 marks) (3 marks) iv. Net book value of the asset