Instructions Notes 5 Paragraph Question 3 x Question 3 On 1 January 20X5 Augusta Ltd paid $19,500 for a machine by cash. The machine has an estimated useful life of 10 years and a residual value of $1,500. The year end is 30th June. 1. Using a straight-line method, for the year ending 30 June 2005 and 30 June 20x6 calculate the: a. depreciation expense and b. carrying amount for the machine. Answer to Requirement 1 2. Assuming a diminishing balance method, for the year ending 30 June 20x5 and 30 June 20x6 calculate the: a. depreciation expense for the machine, using the diminishing balance rate of 2 times the straight-line rate, and b. carrying amount for the machine Answer to Requirement 2 Question 4 Part A Question 4