SBA Inc. purchased on January 1st 2022 a machine for 350,000 Dhs. The machine has a salvage value of 50,000 Dhs and a useful life of 10 years.

Required:

1- Prepare the depreciation table according to : a) the straight-line method and b) the double declining balance

2- Assume that the company made an overhaul to the machine that amounts to 75,000 Dhs at the beginning of the 2025, calculate the depreciation expense for 2025 according to : a) the straight-line method and b) the double declining balance

3- Assume that the company sells the machine after the overhaul for 200,000 Dhs, record the disposal of the machine using : a) the straight-line method and b) the double declining balance