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3. Harman Ltd. acquired a machine on the 1st of July, 2007 at a cost of $14,000 and expended $1,000 on its installation. Harman Ltd

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3. Harman Ltd. acquired a machine on the 1st of July, 2007 at a cost of $14,000 and expended $1,000 on its installation. Harman Ltd writes off depreciation at 10% of the original cost every ylayar. The accounting records are closed on 31st December every year. Required: show the machinery account and depreciation account for the year 2007-2008 (2 marks)

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