Question 2 17 Marks 1. Tswelopele Productions (Pty) Ltd purchased a new computerised video machine at a cost of R450 000. The system has a residual value of R64 000 and an expected useful life of 5 years Required 1. Compute depreciation expense, accumulated depreciation and book value 32 for the first three years of the machine's life using the a) straight line method, (5 marks) b) double declining balance method (5 marks) 2. Which method would produce the largest income in the first, sec third years of the asset's life? (2) marks) 3. Why might the controller of Tswelopele Productions be interest effect of choosing a depreciation method. Evaluate the legitima interests