On 2 January 2018 , Johnston Ltd purchased a machine with a list price of $182,800 (including GST) and credit terms of 2/10,n/30. Payment was made within the discount period. Freight costs of $4,200 plus GST and installation costs of $4,120 plus GST were also paid. The machine has a useful life of 4 years and a residual value at the end of its useful life of $18,700. Determine the amount that should be debited to the machinery account and prepare a general journal entry to record the purchase, assuming a financial year ending 31 December. (Enter debit entries first, followed by credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round intermediate calculations to 2 decimal places, eg. 5.21 and final answers to 0 decimal places, e.g. 5,275.) Johnston Ltd Particulars General journal (extract) (To record purchase of machine, plus freight, installation costs and GST) Determine the amount of depreciation expense for each of the 4 years ending 31 December assuming use of: (Round intermediate calculations to 2 decimal places, e.g. 5.21 and final answers to 0 decimal places, e.8. 5.275.) Prepare a journal entry to record depreciation expense for the year ending 31 December 2018 under the diminishing balance method. (Enter debit entries first, followed by credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round intermediate calculations to 2 decimal places, e.g. 5.21 and final answers to 0 decimal places, es. 5.275.) Prepare a journal entry to record depreciation expense for the year ending 31 December 2018 under the diminishing balance method. (Enter debit entries first, followed by credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round intermediate calculations to 2 decimal places, e.g. 5.21 and final answers to 0 decimal places, e.g. 5,275.)