D Part 2 Answer all the questions in the spaces provided (Yellow cells) as Bobby Inc ordered a machine at a purchase price of $ 8,000.00 On delivery, the company paid installation costs relating to the machine amounting to This machine has an estimated residual value of This machine has an estimated useful life of $ 300.00 600.00 5.00 Years Required 1 Complete a depreciation schedule for each of the alternative methods 8 Marks] Method of Depreciation a) Straight-line Method Year At acquisition Depreciation expense Book value 2 3 4 5 Method of Depreciation Double-Declining Balance Year Depreciation expense Book value At acquisition 1 2 ' 4 $ 2 Assume that Bobby Inc. should report for the year ended December 31 12 Mark Prepare the journal entry to record the depreciation at the end of 2017, assuming the straight-line method is applied. Das 31-Dec-17 General Journal Debit Credit 3 [5 Marks] Prepare the journal entries to update the depreciation expense and record the disposal: Assume that the machine was sold on September 30, 2020, for Further assume that the straight-line method is applied. Date General Journal 30-Sep-20 $ Debit 1,500.00 Credit