Additional Information TLimited prepares accounts to 30 June The following balances are available at 30 June 2017: Plant and machinery at cost Provision for depreciation 174300 48700 On 1 July 2017 the company disposed of a machine which had a netbook value of $20 000. The machine had been purchased on 1 July 2015 On 1 October 2017 a new machine was purchased for $68 600 paid by cheque The company depreciates plant and machinery at 20% using the reducing balance method calculated on a month-by-month basis. No depreciation is charged in the year of disposal REQUIRED (1) Prepare the provision for depreciation on plant and machinery account for the year ended 30 June 2018 Dates are required Provision for depreciation on plant and machinery Workings Additional information Rather than paying immediately, the company had the option to pay in 15 more the date of purchase for the new machine REQUIRED 2018 el pago Explain the impact on the financia m ents for the year end 30 the new machine 15 months to the one of purchase