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Activity 2 Prepare the calculation using the prime cost method to determine the deduction in value on a depreciating asset purchased 55 days into the financial year for Sl 50,000 and an economic life of three years. End of Financial Year 1: $42,465.75 = $150,000 x (310/365) x (1000/0/3) End of Financial year 2: S50,ooo (z x (365/365) x (100% / 3) End of Financial year 3: S50,ooo (z S150,ooo x (365/365) x (100% / 3) End of Financial year 4: S7,534.25 (z S150,ooo x (55/365) x (100% / 3) Upload a file (7MB max)