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The balance on an entity's plant and machinery account on 1 January 202 was 5,000. During that year the following transactions took place on the dates shown:1 May 202 Plant which had originally cost 750, was sold 1 September 202 New machinery costing 3,000 was purchased If depreciation is calculated at a rate of 10% per annum, on a strict time basis, using the straight line basis, the depreciation charge on plant and machinery for the year to 31 December 202, to the nearest pound is: 525 550. 600. 625