under chapter depreciation in business mathematics, show 3 methods in depreciation: straight-line methods, declining balance methods and sum-of- the - years- digits method

1. You have just graduated from Universiti Teknologi PETRONAS and is appointed as Account Executive for Kobeet Company. Your first task is to determine the best depreciation methods for few company's assets purchased during that year and to give the explanations to your boss. Information on the assets purchased for the year is given below in TABLE Q1. TABLE Q1: Information on assets Asset Item Cost Estimated Scrap Useful Life Value Equipment RM5,800 5 RM1,500 6 Delivery Van RM65,000 RM10,000 Painting machine RM23,000 5 RM1,500 Propose the BEST depreciation method for each of the assets by justifying your reasons (show all calculations). [50 marks]