Two machines were purchased in the financial year to 30 June 2022.

Machine 1 is depreciated using the diminishing balance method at 35% p.a. It was purchased and installed on 31 January 2022 for $44 396 ($40 360 + $4036 GST); estimated residual value is $2200 ($2000 + $200 GST).

Machine 2 is depreciated using the straight line method at 15% p.a. It was purchased and installed on 1 March 2022 for $55 759 ($50 690 + $5069 GST); the residual value is estimated at $2750 ($2500 + $250 GST).

You are required to prepare:

a a time line to 30 June 2023, and b a depreciation worksheet for each machine to 30 June 2026.