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Question Four Mach Ltd depreciates plant and machinery over 8 years using the straight-line basis and motor vehicles using the reducing balance basis at 15% per annum. Depreciation is charged for a full year in year of acquisition and not charged in year of disposal. Mach Ltd had the following assets: Mach Ltd purchased machinery for 30,000 on 1 July 2017. On I June 2020 this asset was sold for 21,000. Mach Ltd purchased a second machine for 52,000 on 1 October 2018, which it still has in use today. Mach Ltd purchased a car for 18,000 on 1 April 2018 and sold it on 1 September 2020 for 11,000 Mach Ltd purchased new machinery on 1 May 2020 for 45,000 Required: 0) Calculate the profit of loss for both the disposals in 2020, showing all workings, including the carrying amount for each fixed asset category for each relevant year to 2020. (Il Marks) ) Show all required journal entries for ONE of these disposals during 2020 (8 Marks) 1) Show all depreciation journals for Mach Ltd for 2020, to recognise the depreciation charge for the year, showing all workings required in this calculation