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On 1 June 209 a machine was sold which cost $20,000 on 31 July 205. Sale proceeds were $5,500 and the profit on disposal was $1,500. The depreciation policy for machinery is straight line with a full year being charged in the year of acquisition and none in the year of sale. What is the depreciation rate? (Write down without sign \%) O: A business buys a machine for $15,000. The depreciation policy for machinery is 15% pa reducing balance. What is the net book value of the machine after two years of use? O