Rawsons' Recycling Ltd commenced business on 31 March 2019 in the recycling industry. The company balances its accounting records at month-end and the end of its reporting period is 31 December. All purchase prices include GST. The following events occurred during 2019 and 2020. 2019 April 1 Paid $154 000 cash for a second-hand disposal truck. Paid $1 650 cash to recondition the truck's engine. June 30 Paid $13 200 cash for equipment. The company estimated the equipment's useful life at 10 years and residual value at $1 500. Aug. 31 Paid $660 cash for the truck's transmission repairs and oil change. Recorded depreciation on the truck at 40% p.a. on the diminishing Dec. 31 balance, and on the equipment using the straight-line method. 2020 March 13 Paid $660 cash to replace a damaged bumper bar on the truck. July 1 Installed a new motor in the truck for a cost of $12 100. The company considered that the carrying amount of the old motor was only $600 at this date, and the old motor was written off. With the new motor installed, the truck's depreciation rate using the diminishing-balance method was revised to 30% from 1 July. Page 17 of 22 Dec. 31 Recorded depreciation on the truck and on the equipment. Rawsons' Recycling Ltd commenced business on 31 March 2019 in the recycling industry. The company balances its accounting records at month-end and the end of its reporting period is 31 December. All purchase prices include GST. The following events occurred during 2019 and 2020. 2019 April 1 Paid $154 000 cash for a second-hand disposal truck. Paid $1 650 cash to recondition the truck's engine. June 30 Paid $13 200 cash for equipment. The company estimated the equipment's useful life at 10 years and residual value at $1 500. Aug. 31 Paid $660 cash for the truck's transmission repairs and oil change. Recorded depreciation on the truck at 40% p.a. on the diminishing Dec. 31 balance, and on the equipment using the straight-line method. 2020 March 13 Paid $660 cash to replace a damaged bumper bar on the truck. July 1 Installed a new motor in the truck for a cost of $12 100. The company considered that the carrying amount of the old motor was only $600 at this date, and the old motor was written off. With the new motor installed, the truck's depreciation rate using the diminishing-balance method was revised to 30% from 1 July. Page 17 of 22 Dec. 31 Recorded depreciation on the truck and on the equipment