Siver Mirror Compan\td. is a chemical manufacturing company. The company decided to make an additional investment in a technologically advanced machinery which is expected to increase the production capacity and the quality of the output. The details regarding the purchase of machinery are as follows: Date Description Amount HKD 30.03.2014 Purchase price of the machinery (This purchase price includes a recoverable VAT amount of HKD 120,000 1,120,000 31.03.2014 Transport cost of the machinery 125,000 31.03.2014 Installation and other direct expenses 125,000 Following additional information is also provided: (1) Machinery was available for production from 01" April 2014 (2) Estimated useful life of the machinery is 10 years. (3) Estimated selling price of the machinery at the end of the 10"" year is HK0275,000 and it is expected to incurHKD 25,000, as the cost of selling of the machinery. You are required to: (a) Calculate the total cost of the machinery to be capitalized. (b) Calculate the depreciable value of the machinery as at 01" April 2014 (c) Calculate the annual depreciation charge of the machinery using the straight-line basis (d) Prepare the following ledger accounts for the year ended 315 March 2015: (0) Machinery account. (1) Depreciation expenses account. (iii) Provision for depreciation account. (e) Calculate the depreciable value of the machinery as at 31st March 2015