A certain equipment cost £9,500,000. It is depreciated by the equal installment method. After 3 years, its book value is £5,600,000.
Calculate:
(a) the amount of depreciation in each of the first 3 years
(b) the percentage of the original cost depreciated in each of the first 3 years
(c) the depreciation in the third year as a percentage of the book value after 2 years