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b) On 1 October 2013 Shasha started a business altering and mending clothes. On that day she purchased a machine, RM4000, paying by cheque. On

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b) On 1 October 2013 Shasha started a business altering and mending clothes. On that day she purchased a machine, RM4000, paying by cheque. On 1 January 2014 she purchased another machine, RM6000, on credit from BBC Machines. She decided to depreciate the machines using the reducing (diminishing) balance method at 20% per annum. A whole year's depreciation was to be charged in the year of purchases, but no depreciation in the year of sale. On 1 February 2015 Shasha decided that the machine purchased on 1 October 2013 was no longer required. She sold it for RM2100 cash. You are required to find the following: (1) Machinery account (5 marks) (ii) Provisions for depreciation of machinery account

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