prepare a table of depreciation charges and net book value over the five year life u 572607

The Souvenir Company purchased, on 1 January Year 1, a machine producing embossed souvenir badges. The machine cost £16,000 and was estimated to have a five year life with a residual value of £1,000.
Required
(a) Prepare a table of depreciation charges and net book value over the five year life using straight line depreciation.
(b) Make a guess at the percentage rate to be used in the reducing balance calculation, and prepare a table of depreciation charges and net book value over the five years using reducing balance depreciation.
(c) Using the straight line method of depreciation, demonstrate the effect on the accounting equation of selling the asset at the end of Year 5 for a price of £2,500.
(d) Using the straight line method of depreciation, demonstrate the effect on the accounting equation of disposing of the asset at the end of Year 5 for a zero scrap value.