(a) A machinery was acquired by A Plus at a cost of $453,000 with additional expenses incurred including: $30,000 transportation cost from Germany to the factory, $20, 500 installation cost to set up the machinery in the factory, $5,000 paid to replace a broken part damaged by accident during transportation. The machinery has an estimated useful life of ten years and a residual value of $35, 500. Required: What is the cost of the machinery that is subject to depreciation? (b) On 1 January, 2011, A Plus bought another machinery at a total cost of $ 273, 500 with an estimated useful life of 10 years and a residual value of $ 35, 500. The financial year of A Plus ends on 31 December. Required: Show the depreciation schedule of the machinery (including depreciation expense, accumulated depreciation and the net book value) for the years 2011 and 2012 if (i) A Plus uses the straight-line depreciation method. (ii) A Plus uses the double-declining balance depreciation method. (c) On 1 January, 2007 Kintex Company bought an equipment at a cost of $ 350,000 with an estimated useful life of 7 years and no residual value. Kintex uses straight-line deprecation method and adjusts its depreciation expenses on a yearly basis at each financial year ending on 31 December. Kintex provides for deprecation on a pro rata basis according to the date of purchase/sale of an equipment if the transaction took place during the year. Required: The equipment was sold on l July, 2012 for $170, 500. Update Kintex's books by journals in relation to this transaction