Pringle Manufacturers is a sole trader involved in the packaging industry. They own a number of

different types of machineswhich they use in their packaging business. Pringle Manufacturers keep

an asset register with all the details of the machines and other non$-$current assets.

A new machine with cost price of R$252000$ was purchased on $1$ May $2024.$ The financial year end

is $31$ December $2024.$ Using this information, answer the following questions:

Calculate the depreciation expense for the new machine at $31$ December $2024$ if the new machine is expected to have a residual value of R$18000$ at the end of its useful life. $($ignore Vat$)$