Little Toddlers (Pty) Ltd (hereafter Little Toddlers) is a company that has been operating in Windhoek and manufactures clothes for children. Little Toddlers has various assets that it uses in its operations and the following is a summary of all the transactions relating to assets that occurred during the year ending 3 I December 2018.
Property, plant and equipment as at I January 2018 were as follows:
N$
Motor vehicles:
Cost l 000 000
Accumulated depreciation (200 000)
Furniture & fittings
Cost 368 000
Accumulated depreciation (73 600)
Plant and machinery
Cost 1 475 000
Accumulated depreciation (190 000)
Land and buildings
Cost 2 000 000
Accumulated depreciation 120 000)
Total assets 4 259 400

-The land was bought at a cost of$500 000 in 2010.
- On 1 April20l8 one of the machinery's engines stopped working and was replaced by a new engine that cost N$ 100 000. The engine had never been replaced since the machine was bought on 1 January 2016.
- To meet the increase in demand of its products a new machine was bought on I July 2018 and Little Toddlers incurred the following costs in the acquisition of this machine:

Purchase price (including VAT) 690 000
Transport 15 000
Installation costs 13 000
- On I October 2018, one of the motor vehicles was involved in an accident and written off. This motor vehicle had originally been bought on I July 2016 at a cost of N$ 200 000.
- Furniture that was surplus to Little Toddlers needs was sold on 3l May 2018 to staff members for $120 000 and the details of this furniture on I January 2018 was as follows:

Cost 160 000

Accumulated depreciation (96 000)
Little Toddlers depreciates its assets as follows:
- Motor vehicles at 200/o using the straight line method. - Furniture & fittings at r0%o using the straight line method. - Plant and machinery at2yo using the straight line method. - Buildings at 5%o using the reducing balance method.
Little Toddlers is registered for VAT.

Required:
For the year ending 3l December 20l8:
Prepare all the necessary journals for the above mentioned transactions (including cash transactions). Journal narrations are not required.