Question 1. Use the depreciation schedule provided by the Trainer and Accurately prepare the schedule according to accounting standards, double entry rules using the following information: The following information relates to machinery that was purchased by Maxwell and Smart Ltd on 1/7/18. Cost of machinery (inc. GST): $52,800 Residual value: Nil Depreciation method: Diminishing Balance, Depreciation Rate: 15% per annum Required: Prepare a depreciation schedule (worksheet) for the years ended 30/6/19, 30/6/20 and 30/6/21. Maxwell and Smart-Depreciation Schedule Asset cost (1/7/18): Residual amount: Depreciable amount: Depreciation method: Depreciation rate: Carrying amount Depreciation Accumulated depreciation Date Carrying amount at beginning at end Fotos