Q$1.$

The data below was extracted from the books of Talata Enterprise:

$\backslash$table$[[$Non$-$Current Assets,Cost Date of purchase Date of disposal$],[$GHC$,,],[$Machine No$.1,200,000,01/01/19,01/10/21],[$Machine No$.2,350,000,30/06/19,30/06/21],[$Machine No$.3,400,000,01/01/20,],[$Machine No$.4,540,000,01/12/20,]]$

Additional information:

i$.$ It is the policy of the company to charge a full year's depreciation on machinery in use by the end of the financial year and no depreciation in the year of disposal.

ii$.$ Machine $1$ and $3$ are depreciated at $20\%$ on reducing balance while machine $2$ and $4$ are depreciated $10\%$ on straight line basis.

iii. Accounts are prepared to December ${31}^{st}$ each year.

iv$.$ Machine $1$ and $2$ were sold for GHC$150,000$ and GHC$250,000$ respectively.

You are required to:

i$.$ Show the relevant entries to record these transactions for the relevant years.