Need all answers. TQ

QUESTION 3 (20 marks) ABC Corporation bought two machines at a price of RM450,000 each including freight charges of RM20,000. To acquire the machines, the company had to pay additional RM18,000 for handling fees and RM45,000 for site preparation. Six experts were paid a total sum of RM36,000 to set up and test the machines. The operating cost for both machines is expected to be 78,000 per annum. Additionally, the company has to carry out maintenance works on the machines worth RM8,000 every three months. The company plans to use the machine up to five years. (a) Determine the cost basis for these machines. [6 Marks) [Your answer here] (b) Using the table format as shown below, determine the depreciation expenses of the machines using i. Straight line method (show calculations) ii. Double Declining Balance method (show calculations) [10 Marks] [Your answer here using the table below] n Straight line Double Declining Balance 1 3 4 5 (c) Determine the book value of the machines in year 3 using straight line method. [2 Marks] [Your answer here] (d) Determine the book value of the machines in year 4 using Double Declining Balance method. [2 Marks] [Your answer here]