A machine costs £8,000. It will be kept for five years, and then sold for an estimated figure of £2,400. Show the calculations of the figures for depreciation (to nearest £) for each of the five years...

A machine costs £8,000. It will be kept for five years, and then sold for an estimated figure

of £2,400. Show the calculations of the figures for depreciation (to nearest £) for each of the five

years using (a) the straight line method, (b) the reducing balance method, for this method using a