KLM Ltd purchased new equipment on 1st January 2010, at a cost of $420 000 net of

GST. The company estimated that the equipment had a useful life of 5 years and a

residual value of $45 000.

Required

Assuming a financial year ending 30th June, calculate the amount of depreciation

expense for each year ending 30th June 2010 through to 30th June 2015, with each of

the following methods:

(a) straight line 2 marks

(b) sum-of-years-digits

(c) diminishing balance using the formula

1-(r/c)1/n

Answer please