A company had the following information with regard to its fixed assets. Use the information presented below to answer the questions that follow:

$-$ Machinery at R$21000$ VAT Exclusive purchased on $30$ Sep $2021-$ depreciation policy at reducing balance method over a $6$ year period

$-$ Motor vehicle at R$2640$ VAT Exclusive purchased on $30$ Jun $2021-$ depreciation policy at reducing balance method at $20\%$

During the financial year ended $31$ December $2023,$ the following transactions pertaining to assets were yet to be recorded:

A new machine was purchased on the $1$ January $2023$ with the following details:

$$ Delivery costs: R$28750($VAT$-$inclusive cost$)$

$$ Custom duties: R$12000$

$$ Purchase price: R$575000($VAT$-$inclusive cost$)$

$$ Dismantling costs in $6$ years$$ time: R$200000($VAT$-$exclusive$)$

$$ Training costs related to machine for operational employees: R$40000($VAT$-$inclusive$)$

$$ Installation costs: R$34500($VAT$-$inclusive$)$

$12$ months$$ insurance signed and paid upfront on $1$ January $2023$: R$115000($VAT$-$inclusive$).$

The supplier allowed for the purchase costs of the new machine to be paid on $1$ January $2024.$ This was not allowed under the normal credit terms of the supplier. Assume that the company$$s discount rate is at $12\%$ per annum.

The new machine was fully installed on $1$ January $2023$ but was only ready for use a month later. With the exception of the purchase price and the dismantling costs, you can assume that all costs relating to the machine were paid by the time the machine was installed on $1$ January $2023.$

Required:

$2\mathrm{.}1$ Calculate the cost of the new machinery purchased on $1$ January $2023.(10)$

$2\mathrm{.}2$ Calculate the depreciation for the year ended $31$ December $2023.(10)$

When calculating depreciation using the reducing balance method, show your calculation of depreciation for the previous years. Round off all answers to the nearest whole number where applicable.