On 31 August 2018, XYZ Traders purchased a machine on credit for a cost price of R402 500 (including VAT at 15%).

Machinery is depreciated over six years according to the straightline basis and there is no residual value on this machine, as it is highly specialised.

XYZ Traders has a 30 June yearend.

Required: Calculate the depreciation and accumulated depreciation for 2019 and 2020. Round to the nearest Rand.

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