Emma Ltd is a specialist training firm for accounting firms. They have a financial year end of 31^st March.

(a) The firm purchased a car on 1^st March 2019 for $70,000, with a residual value of $10,000 and an estimated useful life of 5 years and uses straight line depreciation.

Calculate:

(i) The Depreciation Expense for the year end 31st March 2022 (ii) The Carrying Amount of the Machine as at 31st March 2022

(b) The firm purchased twelve electronic whiteboards for each of their employees for $1,000 each. Explain why it may be more beneficial for the company to capitalise this investment given they have an estimated useful life of 4 years rather than expense it in for the year ending 31^st March 2021.

(c) The firm also purchased a software license on 1^st August 2020 for $30,000 that has a life of 2 years.

Calculate:

(i) The Amortisation Expense for the year end 31^st March 2021

(ii) The Carrying Amount of the Machine as at 31^st March 2021

(d) The company has a wages payable balance of $160,000 as at 31^st March 2020. During the year the firm paid wages in cash of $435,000. At the end of the year the Wages Payable balance was $90,000.

Based on the above information calculate the Wages Expense for the year ending 31^st March 2022.