A2.- Costs incurred to install a machine in a factory for use are: B. C. D. capital expenditures. current assets. shown in the statement of profit or loss and other comprehensive income for the year. A3 On 1 January 2017, a machine was bought at a cost of $33.000. The machine is to be depreciated at 20% per annum using reducing balance method. The net book value of the machine as at 31 December 2019 will be: A. B. C. D. $19,800 $16.896 $21,120 $13.200 A4. The "accumulated depreciation" is: A B a a liability account contra account to bad debt expense. an expense account contra-asset account to trade receivables C. D a