Roger Ltd sold a plant to David Ltd for $30 500 cash on 1 July 2014. It had cost Roger Ltd. [30 marks] $25 000 when acquired one year previously. Depreciation charged on plant by Roger Ltd. is 10% p.a. on cost, and David Ltd. applies a rate of 6% p.a. on cost. The income tax rate is 30%. 1.1 Record the journal entries in the records of Roger Ltd and David Ltd. at the date of sale, 1 July 2014. [15 marks] HB AX, X' >> 66 X