3 The following is the balance of Cahaya Ltd during the year ending 31 December 2013. Cost Accumulated depreciation Asset Depreciation policy (RM) (RM) Plant and 12% 333,000 98,000 machinery (reducing balance method) Building 11% (straight line method) 541,000 128,000 On 30 June, the company bought a machine and a building at the cost of RM54,000 and RM144,000 respectively from Sinar Co. 8 Financial Accounting 1 Workbook You are required to prepare: (a) The plant and machinery account, (b) The building account, and (c) The accumulated depreciation account for both assets as at 31 December 2014