Q7. Daniel wants to sell a car which has been used for five years. The vehicle cost him RM100,000 when it was purchased brand new. The car is estimated to have a scrap value of RM10,000 after eight years. He asked two agents to sell his car. Agent A uses the sum-of-year digits method to calculate depreciation while agent B uses the declining balance method. (a) Construct the depreciation schedule for the first five years for each method. (Reminder: Round it off to the nearest two decimal places for the rate of depreciation, r) (15 marks) (CLO2:PLO2:C2) (b) Which agent should Daniel choose to sell his car? Why? (2 marks) (CLO2:PLO2:C4)