QUESTION 3 You are invited to attend a management meeting in your company to give advice on the proposal to sell a machinery which was bought 3 years ago at the price of RM 650,000. The company has received an offer from a second hand dealer to buy the machinery at the price of RM 100,000. After checking the financial report on the particular year, you found out that the company has adopted sum-of-the years depreciation method with salvage value of RM50,000.00 after 6 years. a) Analyse the situation and explain the implication of the decision to sell the machinery on the financial statements of the company to the members of the meeting. Show your calculation to enhance your explanation. (10 marks)