ABC Ltd. bought a machine for $5,000,000 on 2nd January 2000, 25% annual depreciation rate is applied if the company decides to use declining balance method. Other information related to the company at the end of January 2000 is as follows: Capital: 50,000,000 Cash: 20,000,000 Installation cost (Machine): 1,500,000 Freight cost (Machine): 500,000 Electricity Expense: 400,000 Administrative Expenses: 200,000 Sales: 900,000 Life of the new machine is 5 years. S.P. a) Record depreciation entries for the first 6 months using declining balance method. b) Find Net Book Value of the machine at the end of June 2000. c) Record all depreciation entries using straight line method.