A company maintais its fixed assets at cost. Accumulated depreciation accounts, one for each type of asset, are in use Machinery is to be depreciated at the rate of 12.5% per annum and fixtures at the rate of 10% oer annum, using the reducing balance method. Depreciation is to be calculated on asssets in existence a the end of each year, giving a full year's depreciation even though the asset was bought part of the way through the year. The following transactions in assets have taken place: 2015 1-Jan 1-Jul 1-Oct 1-Dec Bought machinery N$80,000, fixtures N$15,000 Bought fixtures N$38,500 Bought machinery N$120,000 Bought fixtures N$65,000 2016 The financial year end of the business is 31 December. Required: 3.1 The machinery account 3.2 The fixtures account 3.3 The two separate accumulated depreciation accounts 3.4 The fixed assets section of the balance sheet at the end of each year for the years ended 31 December 2015; 2016 and 2017 3.5 Dispose all asset in one Asset Disposal account in the year 2018 as follows: Machinery at 15% above the disposable value Fixtures at 20% below the disposable value