Roadkill Cafe is a busy coffee shop operating in Civic, Canberra. On $1$ Sep $2018,$ the owner, Chris purchased a new La Marzocco commercial coffee

machine. The machine was marked in store at $$28600+10\%$ GST$,$ but after a bit of online research, Chris showed the sales assistant a similar

machine was available for $$25000+10\%$ GST from a local competitor. As a result a price of $$24500+10\%$ GST was negotiated. The machine is

expected to have a useful life of $4$ years and the cafe owner has agreed to sell the used machine to their barista for $$6500$ in five years from the

purchase date.

Required: Using the information provided above, answer the following questions $($Round your answers to whole dollars$).$

At what value was the machine recorded in the asset account in the cafe's general ledger on the purchase date? $

Assuming the caf$$ uses the straight$-$line depreciation method, what is the annual depreciation charged for the machine? $

What was the net book value of the asset on $30$ th June $2022?$ $

Assume the barista was no longer interested in buying the machine when it reached the end of its useful life. Instead, the caf$$ owners advertised

the machine $($for a fee of $$250)$ and sold the machine for $$4,000$ cash on $30$ November $2022.$ Thinking about the financial statements as at $30$ June

$2023,$ what value $($if any$)$ will the accounts show with respect to the coffee machine?

a$)$ Asset $($Balance sheet$)$ $

b$)$ Depreciation expense $($Income Statement$)$ $

c$)$ Gain or loss on sale $($Income Statement$)$ of $

d$)$ Operating cash flow $($Cash flow statement$)$

of $