Section B Question 1 Capital Asset Question IBM Ltd purchased a machine on June 31,2017 for $95000 cash.It had an estimated useful life of 5 years and a salvage value of $20000. The company's year-end is Dec 31 . The estmated total production units of the machine are 35000. The table below shows the annual production estimated 2015 9,500 units 2016 12,100 units 2017 10,000 units 2018 5,500 units 2019 4,200 units Required 1. Prepare a schedule of depreciation using unit of production method 2. Journalize the depreciation expense of year 2018. 3. Give a balance sheet extract of the machine in year 2020 4. Prepare the entry to record the disposal under each of the following scenarios The machine was sold for $35800 cash The machine was sold at its salvage value