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Q1: A cutting machine costs 50,000$ and has an anticipated 10,000$ scrap value at the end of its 8-year useful life. Compute the depreciation and

Q1:  A cutting machine costs 50,000$ and has an anticipated 10,000$ scrap value at the end of its 8-year useful life. Compute the depreciation and book values schedules for the cutting
machine using RB method.

Q2:  Some seed cleaning equipment was purchased in 1994 for 8,500$ and is depreciated by the double declining balance (DDB) method for an expected life of 12 years.
(a)What is the book value of the equipment at the end of 2000?
(b) If the original salvage value was estimated to be 2,500$ at the end of 12 years, find depreciation schedules at end 1999.

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