NON-CURRENT ASSETS PART A: DEPRECIATION, DISPOSAL & OVERHAUL The Accounting Department purchased a new photocopying machine on 1 Jany culo. The amount shown on the invoice was $10,000. In addition, the department incurred transportation costs of $1,500 and constructed a special stand for the machine, costing $500. The supplier indicated that the machine could be used for 3 years and traded-in for $3,000 at the end of the 3rd year. Ignore GST. . Required: i. Using the Sum of Years Digits method, calculate depreciation for 31 December 2016 and 2017. Assume, the machine was sold for $4,500 on 30 April 2018 and payment was receivea by cheque. ii. Calculate Depreciation expense for 2018. iii. Show all journal entries relating to the disposal of the machine. iv. Calculate the Gain or Loss on disposal