$5$ IGNORE VAT AND TAXATION $(19$ marks: $34$ minutes$)$ Shenelda $("$Shenelda$")$ Limited is a construction company that has operated successfully for many years. The company has a $31$ December year$-$end. The company has various items of plant in the production of various buildings. All items of property, plant, and equipment are measured using the cost model. One item of the plant was purchased on $1$ January $2019$ at a total cost of R$3,000,000.$ Due to the nature of the plant, Shenelda is legally obligated to decommission the plant. It is estimated that Shenelda will pay R$500,000$ to fulfill its obligation after $5$ years of the initial purchase of the plant. The applicable discount rate is $15\%.$ On $1$ January $2023,$ it was estimated that the expected economic outflow on $1$ December $2023$ would be increased by R$200,000.$ The plant is depreciated over its useful life of $5$ years to a nil residual value, using the straight line method. You are required to: Prepare the general journal entries for the year ended $31$ December $2023$ in the accounting records of Shenelda Limited. $(18$ marks$)$ Presentation