George bought a machine costing RM80,000 on 1 July 2017 . He decided to depreciate the machine at 20% per annum. His financial year ends on 31 December each year. Required: a. Compute the depreciation charges for financial year ending 31 December 2017 and 2018 using straight line method and reducing balance method. (4 marks) b. Compute the net book value as at 31 December 2017 and 2018 using straight line method and reducing balance method. (4 marks) c. Should George dispose the machine on 31 March 2019 at RM45,000, compute the gain or loss of disposal of machine, assuming he had adopted straiaht line depreciation method. (2 marks)