You have just graduated from university and is appointed as Account Executive for Kobeet Company. Your first task is to determine the best depreciation methods for few companys 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.

p/s: explain the steps and workings one by one

TABLE Q1: Information on assets Asset Item Cost Estimated Useful Life Scrap 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)