On 1 January 2018, Howard Trading places an order for three units of machine from China at cost RM28500 each on credit from Shanghai Tech. Based on the company production forecast, it shown that the production output will increase 25% by using this new machine. It is the company policy to use straight line method at the rate 20% on monthly basis to depreciate their non-current assets. Howard Trading closes its book of accounts on 31 December every year. As at 1 September 2020, the business disposed one of the machines purchased previously in year 2018 from Shanghai Tech to get on additional source of financing. The machine managed to be sold at selling value RM17500

a) Account for machinery for the year ended 31 Dec 2018 until 2020 (4marks)

B) Accumulated depreciation account for machinery for the year ended 31 Dec 2018 until 2020 ( 5marks)

C) disposal account for the machine disposal (3 marks)

D) extract of statement of financial position as at 31 December 2020 (3marks)