Q.1 Electronics Company purchased equipment for cost Rs. 80,000 with an estimated useful life of 5 years and a scrap value of Rs.5000. Required: (10) Calculate the depreciation for this equipment using the following method; a. Straight line method half year convention b. MACRS method (zero scrap value for MACRS method) (MACRS rates are 20%, 32%, 19.20%, 11.52%, 11.52%, and 5.76%)