On 1 July 2019, BCF Instrument Ltd purchased a new machinery with a list price of $250,000. Freight inward of $6,700 and installation costs of $4,300 were also paid. The machine has a useful life of 5 years and a residual value at the end of its useful life of $15,000. Ignore GST.

a)Determine the amount of depreciation expense for each year assuming use of(7 marks)

(i)The straight-line depreciation method