Can you explain each step?

Question 12 G11414 Waterhouse Ltd purchased machinery on 1 January 2019, at a cost of $880 000 (GST Inclusive). The machinery is depreciated using the straight-line method over a useful life of 8 years with a residual value of $80 000. On Hanuary 2022, an overhaul of the machinery was made at a cost of $123 290 (GST Inelusive). Because of this overhaul, the useful life was re-estimated at 4 years from Hanuary 2022, and the residual value was amended to $40 000. The carrying amount of parts replaced was eensidered to be $10 000. 880 000 Required: Assuming the financial year ends on 31 Dec, prepare journal entries (including narrations) to record: Dy machinery a. the purchase of the machinery on 1 January 2019 Dr GST Verein 5 b. depreciation expense for 2019, 2020 and 2021 on3% e. the overhaul expenditure on Hanuary 2012 10-1 Dowody . depreciation expense for 2022