Greenberg is a business that uses automated laser-cutting machines to cut industrial steel parts out of steel sheets. The laser-cutting machines are imported from a supplier in Germany Greenberg also owns several computers that are used by the engineers and accounting personnel. The agreement with the supplier is that the supplier will purchase the computers at the end of its useful life at 10% of its original cost price. The business' accounting policy relating to its laser-cutting machines and computers is as follows: Laser-cutting Depreciation is written off according to the diminishing balance machines: method at 20% per year without taking into account any residual value. Computers: Depreciation is written off according to the straight-line method at 25% per year, taking into account any residual value. The following details, amongst other, relating to laser-cutting machines and computers, appeared in the business' fixed asset register on 1 June 2018: Description Date purchased Cost price Carrying amount R1 300 000 R1 520 000 Laser-cutting machine X100 Laser-cutting machine X105 Computer PC700 Computer MAC10 1 October 2017 R1 500 000 1 March 2017 R2 000 000 1 August 2016 R50 000 1 July 2017 R25 000 ? ? Additional information: 1. The business' financial year ends on 31 May. 2. Computer PC700 was stolen from the office during a burglary, which took place on 30 September 2018. A claim for the damages was submitted to Premium Insurance on the same day and on 30 September 2018 the insurers agreed that they would pay the amount of R20 000 to Greenberg. The amount was received from the insurers on 31 October 2018. 3. On 10 October 2018 the business ordered a new computer to replace the stolen computer. Computer PC200 with a cost price of R60 000 was purchased on credit from Compu World and was delivered on 31 October 2018. The computer was ready for use on 1 December 2018 and was taken into use on 1 January 2019. 4. Technological developments in the market have led to the decision of the owner to sell Laser-cutting machine X100 on 1 March 2019. The machine was sold to Laser Solutions for R1 100 000 cash. The Laser-cutting machine X100 was replaced by the new Laser-cutting machine X300 and was imported from Germany at a cost price of R3 000 000 on 31 March 2019. The costs to mount the machine in the workshop amounted to R50 000. The machine was ready for use on 1 May 2019 and the first laser-cut item was manufactured on 15 June 2019. None of the costs relating to the new laser-cutting machine have been paid as at year-end. YOU ARE REQUIRED TO show the following general ledger accounts, appropriately dated, for the year ending 31 May 2019: (20) Laser-cutting machines Accumulated depreciation - laser-cutting machines Computers Accumulated depreciation - computers Realisation account Amounts must be rounded off to the nearest rand. Closing-off of the accounts is not required. Ignore VAT. Greenberg is a business that uses automated laser-cutting machines to cut industrial steel parts out of steel sheets. The laser-cutting machines are imported from a supplier in Germany Greenberg also owns several computers that are used by the engineers and accounting personnel. The agreement with the supplier is that the supplier will purchase the computers at the end of its useful life at 10% of its original cost price. The business' accounting policy relating to its laser-cutting machines and computers is as follows: Laser-cutting Depreciation is written off according to the diminishing balance machines: method at 20% per year without taking into account any residual value. Computers: Depreciation is written off according to the straight-line method at 25% per year, taking into account any residual value. The following details, amongst other, relating to laser-cutting machines and computers, appeared in the business' fixed asset register on 1 June 2018: Description Date purchased Cost price Carrying amount R1 300 000 R1 520 000 Laser-cutting machine X100 Laser-cutting machine X105 Computer PC700 Computer MAC10 1 October 2017 R1 500 000 1 March 2017 R2 000 000 1 August 2016 R50 000 1 July 2017 R25 000 ? ? Additional information: 1. The business' financial year ends on 31 May. 2. Computer PC700 was stolen from the office during a burglary, which took place on 30 September 2018. A claim for the damages was submitted to Premium Insurance on the same day and on 30 September 2018 the insurers agreed that they would pay the amount of R20 000 to Greenberg. The amount was received from the insurers on 31 October 2018. 3. On 10 October 2018 the business ordered a new computer to replace the stolen computer. Computer PC200 with a cost price of R60 000 was purchased on credit from Compu World and was delivered on 31 October 2018. The computer was ready for use on 1 December 2018 and was taken into use on 1 January 2019. 4. Technological developments in the market have led to the decision of the owner to sell Laser-cutting machine X100 on 1 March 2019. The machine was sold to Laser Solutions for R1 100 000 cash. The Laser-cutting machine X100 was replaced by the new Laser-cutting machine X300 and was imported from Germany at a cost price of R3 000 000 on 31 March 2019. The costs to mount the machine in the workshop amounted to R50 000. The machine was ready for use on 1 May 2019 and the first laser-cut item was manufactured on 15 June 2019. None of the costs relating to the new laser-cutting machine have been paid as at year-end. YOU ARE REQUIRED TO show the following general ledger accounts, appropriately dated, for the year ending 31 May 2019: (20) Laser-cutting machines Accumulated depreciation - laser-cutting machines Computers Accumulated depreciation - computers Realisation account Amounts must be rounded off to the nearest rand. Closing-off of the accounts is not required. Ignore VAT