QUESTION Group 2 2 Mark has bought the following non-current assets. He prepares accounts to 30 June each year. The following transactions occurred: Purchases 1 July 2013 1 October 2013 1 January 2014 1 August 2014 1 September 2015 1 November 2016 Machine A Car X Machine B Car Y Machine C Machine D RM 40,000 25,000 20,000 30,000 60,000 50,000 paid by cheque paid by cheque paid by cheque paid by cheque paid by cheque paid by cheque Sales 30 April 2016 Machine A RM 25,000 cash proceeds Mark depreciates assets on the basis of a full year's depreciation in the year of acquisition, none in the year of disposal. Machinery 10% straight line Cars 20% reducing balance REQUIRED (a) Copy the table below and complete it showing, where appropriate, the depreciation charges for each year. Annual Annual Annual Annual Depreciation Depreciation Depreciation Depreciation 30 June 2014 30 June 2015 30 June 2016 30 June 2017 Machine A Machine B Machine C Machine D Car X Car Y (b) Show the following Accounts for the year ended 30 June 2017: (0) Machines (ii) Car (iii) Accumulated Depreciation of Machines (iv) Accumulated Depreciation of Car (V) Disposal of Machines