Stick's Company purchased, on 1 January (Year 1), a machine producing embossed badges. The machine cost 40,000 and was estimated to have a four-year life with a residual value of 1,024. Required: a) Prepare a table of depreciation charges and net book values over the four-year life using the straight-line method to calculate the depreciation charge for each year. (15 Marks) b) Prepare a table of depreciation charges and net book values over the four-year life using the reducing-balance method at the rate of 60 per cent per year to calculate the depreciation charge for each year. (15 Marks) c) (i) Comment on your findings in above sections (a) and (b). (10 marks) (ii) Explain residual value (disposal value) when a business decides to disposes a tangible non-current asset with examples. (10 marks) of (20 Marks)