If the month-end bank statement shows a balance of R0.360,000, outstanding checks are R.0.120,000, a deposit of R.0.40,000 was in transit at month end, and a check for R.0.5,000 was erroneously added by the bank to the account, the correct balance in the bank account at month end is Select one a. R.0.435,000 b.R.O.285,000. cR.O.275,000 O d.R.O.205,000. A factory machine was purchased for R.0.90,000 on January 1, 2011. It was estimated that it would have a R.0.ooo residual value at the end of its 5-year useful life. It was also estimated that the machine would be run 40,000 hours in the 5 years. The company ran the machine for 4,000 actual hours in 2011. If the company uses the units-of-activity method of depreciation, the amount of depreciation expense for 2011 would be Select one: a. R.O.7,200 O b.R.O.14.400 OcR0.9,000 d.R.O.18,000