An Accounting Manager for ABC Company is considering the best method to depreciate the company's assets purchased during that year. He needs to make comparisons using all the depreciation methods available to find the best one. Information on the assets purchased for the year is given below in TABLE Q1. TABLE Q1: Information on Assets Purchased Description of Asset Cost in RM Furniture 2,150.00 Fixtures 1,200.00 Truck 1 35,000.00 Van 28,000.00 Computer 1 1,110.85 Computer 2 1,215.68 Computer 3 1,324.59 Copier 3,514.36 Truck 2 36,200.00 Life 5 5 5 5 3 3 3 3 5 Net Book value 650.00 1,100.00 28,500.00 22,800.00 610.85 715.68 944.59 3114.36 29,950.00 a. Apply the THREE (3) depreciation methods available to the assets as in TABLE Q1. From your answers, describe on the depreciation trends for all the methods and explain how they affect the net book value for each year. Based on these trends and the results obtained, propose the BEST depreciation method for each asset (show all calculations). Justify your answers. [40 marks] b. For assets that are cost more than RM 20,000.00, plot the depreciation trends, (year versus net book value) for each item using the THREE (3) depreciation methods. From the plots, explain the depreciation trends for each item and how they affect the net book value for each year. Propose the BEST depreciation method based on the graphs. 2 markal An Accounting Manager for ABC Company is considering the best method to depreciate the company's assets purchased during that year. He needs to make comparisons using all the depreciation methods available to find the best one. Information on the assets purchased for the year is given below in TABLE Q1. TABLE Q1: Information on Assets Purchased Description of Asset Cost in RM Furniture 2,150.00 Fixtures 1,200.00 Truck 1 35,000.00 Van 28,000.00 Computer 1 1,110.85 Computer 2 1,215.68 Computer 3 1,324.59 Copier 3,514.36 Truck 2 36,200.00 Life 5 5 5 5 3 3 3 3 5 Net Book value 650.00 1,100.00 28,500.00 22,800.00 610.85 715.68 944.59 3114.36 29,950.00 a. Apply the THREE (3) depreciation methods available to the assets as in TABLE Q1. From your answers, describe on the depreciation trends for all the methods and explain how they affect the net book value for each year. Based on these trends and the results obtained, propose the BEST depreciation method for each asset (show all calculations). Justify your answers. [40 marks] b. For assets that are cost more than RM 20,000.00, plot the depreciation trends, (year versus net book value) for each item using the THREE (3) depreciation methods. From the plots, explain the depreciation trends for each item and how they affect the net book value for each year. Propose the BEST depreciation method based on the graphs. 2 markal