Case 4: Depreciation Methods (10 Marks) As the accountant of a manufacturing company, you have been asked to recommend a depreciation method that will be used in measuring and reporting all fixed assets of the company. With your vast knowledge in accounting principles and in compliances with generally accepted accounting standards, you came up with the following proposed methods for the approval of the management. Method I: Straight Line Method Method II: Written Down Value Method at 54% The company bought a machine for OMR 500,000 on January 1, 2019. The machine is expected to be useful for 5 years and has an estimated salvage value of OMR 10,000. You are required to answer the following questions; A. Using method I Straight Line Method, compute the annual depreciation. (2 Marks) B. Complete the following table if straight line method is used; (3 Marks) Year Depreciation Expense Accumulated Depreciation Book Value C. Using Method II Written down Value at 54% per annum. Complete the table below. (3 Marks) Year Book Value (Beg) Depreciation at 54% p.a. Book Value (End) D. Which method will you recommend to management? Why? How does the two methods differ? (2 Marks)