Lab task 2 2) Given that Twist Ltd purchased equipment on 1 January 2006 at cost of $33,000 Management expects the equipment to have a useful life of four years. At the end of four years, the estimated sale value of the equipment's is $3,000 Required Using the above information: A. Calculate the straight line depreciation amount and complete the straight line depreciation schedule for 2006 to 2009. What is the ending book value year 2007? Accumulated depreciation amount in year 2008? Why the difference with the above methods? Depreciation Accumulated Ending Book Depreciation Value Beginning Book Value Expense Year 2006 2007 2008 2009 From the schedule what is the ending book value year 2007? The accumulated depreciation amount in year 2008? B. Calculate the accelerated depreciation amount and complete the accelerated depreciation schedule for 2006 to 2009. Beginning Book Value Expense Depreciation Accumulated Ending Book Depreciation Value Year 2006 2007 2008 2009