Bambaloo Ltd Bambaloo Ltd had the following balances on the 31st of August 2018: R Land at cost 1 050 000 Buildings at cost 580 000 Furniture and equipment at cost 62 000 Machinery at cost 96 900 Accumulated depreciation: buildings (1 September 2017) 11 600 Accumulated depreciation: Furniture and equipment (1 September 2017) 9 300 Additional information: . All the machinery was purchased on 31 January 2018. The residual value is R6 900. The useful life of the machinery is 10 years. . Equipment of R12 000, with accumulated depreciation of R3 500, were sold on 1 September 2017 for R 5 000. The bookkeeper did not record these transactions as he did not know how to do these entries. . A neighbour's piece of land was bought during the year for R50 000. This has been recorded. No depreciation is written off on land. . Depreciation must be written off as follows: Furniture and equipment: 15% per annum on reducing balance method Machinery: straight line method Buildings: 10% straight line method.Required Prepare the property, plant and equipment note for Bambaloo Lid for the year ending 31st of August 2018. You do not need to provide a total column. All calculations must be rounded off to the nearest rand. (20 Marks)