B Remaining Time: 1 hour, 29 minutes, 14 seconds. Question Completion Status: QUESTION 3 Jasmine Co.'s policy is to provide at the end of each financial year depreciation using the straight-line method applied on a month-by-month basis on all machines used during the year. During the financial year ended 31 December 2021, the following occurred: Jasmine Co. owned the following machines as at 1 January 2021: Machinery Cl Date Acquired Cost 1-Oct-2020 RM 95,000 Estimated Residual Value 5,000 Estimated Life (years) 15 On 30 June 2021, the C1 machine was disposed of and replaced by a C2 machine. The C1 machine was sold for RM45,000 in cash. C2 machine cost RM85,000 and was paid partly by a loan of RM65,000 from Bossy Finance and the balance by cash. C2 machine is expected to have a residual value of RM5,000 after an estimated economic life of 15 years. Required: Prepare the following accounts for the year ended 31 December 2021: i Machines account ii. Accumulated depreciation account (iii) Disposal account Total: 20 marks Machines Click Save and Submit to save and submit. Click Save All Answers to save all answers. DELL Sive All AnovECY