Suppose a manufacturing company bought a machine for RM10,000,000. They have estimated the useful life of the machine to be 8 years with a salvage value of RM2,000,000.                                 a.  Calculate the annual depreciation of the asset using the straight-line method.   b.Determine the annual depreciation using the double-declining balance method. Use the given table (below) to fill in the book value (beginning of each year), amount of annual depreciation and the book value (end of each the year)   Year Book value (beginning of year) Depreciation Book value (end of year) 1       2       3       4       5       6       7       8

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