Question $1$

$($Marks: $15)$

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

different types of machines which 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 a 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 for the year ended $31$ December $2024$ if the straight$-$line method is used. $($Ignore VAT$)$: