The following details regarding Machines are provided: Machine Date of purchase Cost Date of sale Cash Proceeds $ $ X 05/04/2017 1,000,000 02/06/2020 450,000 Y 01/01/2019 2,000,000 The policy of the company is to depreciate its PP&E at 10% on cost. Depreciation is charged in full in the year of purchase with no depreciation charged during the year of disposal. Required: For year ended 31st December 2020 prepare: Machinery account Accumulated depreciation account Machinery disposal a/c SPOL Extract SFP Extract