Question 3 (15 marks) Take-it Enterprises, a manufacturing company, had the following assets recorded in its books at 1 July 2020: Asset type Date of purchase Cost Depreciation method 600 000 Manufacturing 1 April 2019 equipment Furniture 1 December 2019 120 000 Straight-line method at 20% per annum. Residual value: Nil. Straight-line method at 20% per annum. Residual value: 10% of initial cost. Diminishing balance method over a 4-year period. 1 February 2020 60 000 Computer equipment During the year ended 30 June 2021, the following transactions took place: On 31 January 2021, manufacturing equipment that had been bought on 1 April 2019, and with an accumulated depreciation of R52 500 on 30 June 2020, was sold for cash for R63 000. Additional computer equipment was purchased on 1 June 2021 for R18 000. There were no transactions with regard to furniture. Required: 1. Calculate the depreciation on each asset of Take-it Enterprises and the total depreciation for the year ended 30 June 2021. (15) Note to student: show all calculations. Ignore VAT. Round up all final answers to the nearest rand