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The Property Co Ltd have recently purchased a building at a cost of E2,250,000. They have estimated that this will have a useful life of

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The Property Co Ltd have recently purchased a building at a cost of E2,250,000. They have estimated that this will have a useful life of 20 years and a residual value of 750,000. They have not yet decided whether to depreciato this using the straight line method or the reducing balance method at 6% per annum. The Property Co Ltd have a policy of charging a full year's depreciation in the year of purchase and none in the year of sale. What would be the value of the depreciation for the first TWO years under the straight line method? f What would be the value of the depreciation for the first TWo years under the reducing balance method? i (Enter the volues with no f sign, comma or decimal places)

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