Zaman Security company has received a contract to provide additional security for the outdoor theme park at Desa Jaya. They plan to propose a CCTV system equipment for use in the 12-years contract. The equipment is expected to cost RM95,000 and the resale value at the end of 7-year is RM20,000. Assume the recovery period for this product is 7 years. Calculate the annual depreciation amount and book value by using straight line method