, s. o .. / : w QUESTION FOUR (20 marks in total...1 part to the question) '4' \"Lo 120 a / .1' 4 '4' G D /On 1 July 2012, Terry Ltd purchased a machine for use in its factory. The machine cost '$500 000 with a residual value of $20 000 and useful life of 8 cars. 420 q. a so: y 5:02.\" .f\" {:50 ' / Q //' W O 30 June 2013, Terr n ed its method of measurement of PPE from the cost model a to the revaluation model. They hired an independent valuer who assessed the value of the k' 11/430 machine to be $460 000 with a remaining useful life of 6 years and a residual value of 0 000. qw 5,, W\" 960 Lo , . V ' '1'\" \"'9' 0 30 June 2014, the machine was revalued again to its fair value of $360 000 with a useful .74 1fe of 5 years and residual value of $20 000. ,7)? 552/ r 932 Tax rate is 30%. 5 / Required: Prepare all the journal entries of Terry Ltd during the periodli July 2012 to 30 June 2015 in relation to the machine. Narrations are not required. (20 marks) I) r C r ' i u\\ 20 '1 QVE CMacth. $500000 Cash 1500 coo 30 Sums. 1 \\3 5 L2 reclaW-'n ' (Muh'm). IP?E #60 00 kmum door-d b'zedqw''h VEE $60\" ACcumuk'ttJt be. reda'bn - QQE 60000 we 2 36 ~19? ____PE9- 6'05\" 0\" feVQMc-Jh'on 'QPE Log A Q '20 00 WM " '(lNL "FAX M\" r- ' w income. 40* By %5& f6 000 Date\"; kw: unsung, $6 M EA? ggiq \"am [This page is intentionally left blank for you to use in answering Question 4] 10