Kogan Ltd commenced operations on 1 July 2012 as an on-line store selling personal electronic devices. The owner contributed a warehouse distribution centre of $20,000,000. At the end of the financial year on 30 June 2020, the following has yet to be included: Kogan Ltd depreciates its warehouse using the straight-line method at 5% each year Required (i) Prepare the journal entry to record the necessary adjustment on 30 June 2020. Show the carrying amount of the warehouse in the Balance Sheet of Kogan Ltd at 30 June (ii) 2020 (iii) Explain why it uses the straight-line method of depreciation