Presented below are selected transactions for Rangers Ltd during the year 2021.

1 Jan.	Sold equipment that was purchased on 1 July 2017. The equipment which cost $36,000 had a useful life of 10 years with no residual value. The equipment was sold for $18,000 on cash.
1 April	Purchased motor vehicle on cash at $60,000. The motor vehicle is expected to have 10 years useful life with no residual value.
30 June	Sold a machinery for $30,600 on cash that was purchased on 1 July 2015. The machinery cost $64,800 and was depreciated based on a 8-year useful life with a $10,800 residual value.
31 Dec.	Sold land on cash for $800,000. The land was bought at $300,000 three years ago.

Required:

a) Ignore GST. Journalize all entries required on the above dates, including entries to update depreciation on assets disposed of, where applicable. Rangers Ltd uses straight-line depreciation method for all its depreciable assets. The reporting period ends on 31 December. (7.5 marks)

b) Prepare the journal entry to record Depreciation Expense for year ending 31/12/2021 for motor vehicle. (1 Mark)

Narrations are not required.