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QUESTION 4 [5 MARKS] Compute each of asset depreciation (Offshore, platform wells and subsea clamp oil and gas assembly apparatus in question 3) after
QUESTION 4 [5 MARKS] Compute each of asset depreciation (Offshore, platform wells and subsea clamp oil and gas assembly apparatus in question 3) after 5 years of equipment operation if it can be salvage 65% from its purchasing value. Which asset will depreciate faster yearly in 5-year time? Compare the rate of depreciation value if the asset is planned to be salvage after 15 years of operation (used the salvage value from question 3 which stated offshore clamp for oil and gas assembly-valued at 1200k, platform wells - valued at 2500k and subsea - valued at 1900k). Give your opinion.
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