Question 4: (Total 10 marks) Teta Company purchased a machine at a cost of $ 105,000 on 30/9/2019. The machine is expected to have a $5,000 salvage value at the end of its 5-year useful life. Instructions: 1- Compute the depreciation rate. (1 mark) 2. Using the straight-line method, prepare a depreciation schedule, showing the annual depreciation expense for the machine over its 5-years life. (6 marks) 3- Record the depreciation expense on 31/12/2019 in the general joumal. (1 mark) 4- In your opinion, how the depreciation method is chosen applied by companies. (2marks) Solution question 4: 1- Depreciation. Rate (1 mark) 2- Dep. Schedule : (6 marks: each line 1 mark) 3. Journal entry for the first year (1 mark) Date accounts Dr Cr (2 marks)