Part B 1. JKS Corporation acquired equipment on January 1, 20X6, for RM320,000. The equipment had an estimated useful life of 10 years and an estimated salvage value of RM25,000. On 1 January, 20X9, JKS Corporation revised the total useful life of the equipment to 8 years and the estimated salvage value to be RM20,000. Instructions: (i) Compute depreciation expense for the year ending December 31, 20X9, if JKS Corporation uses straight-line depreciation. (2 marks) (ii) Determine the book value as of 31 December, 20x9 if JKS Corporation revised the total useful life of the equipment to 6 years instead of 8 years on 1 January, 20x9 and the estimated salvage value to be RM20,000. (2.5 marks) (iii) Explain the impact, if any, on depreciation when estimates that determine depreciation had changed. (2 marks)