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PLEASE TYPE THE ANSWER! 6.20. Coconut Plantations Pty Ltd purchased machinery for its manufacturing process on 1 March 2019. The machinery cost S600 000. Coconut

image text in transcribedPLEASE TYPE THE ANSWER!

6.20. Coconut Plantations Pty Ltd purchased machinery for its manufacturing process on 1 March 2019. The machinery cost S600 000. Coconut Plantations estimates that the machinery has a useful life of five years, and will have a S50 000 residual value. Using straight-line depreciation, estimate the depreciation expense to be recorded in the statement of profit or loss for the year in which the machine was purchased and the subsequent year, assuming Coconut Plantations' reporting period ends on 31 December

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