The following information was obtained from the accounting records of Macquarie Ltd.

	Machine A	Machine B
Acquisition date	1 April 2022	1 May 2022
Cost	$38,000 fully paid in cash	$28,800, 50% paid by cash, 50% to be paid in December 2022
Residual value	$2,000	$2,800
Useful life	6 years	4 years
Depreciation method	Straight-line	Diminishing-balance

Requirements: a) Prepare journal entries at the acquisition date for both Machine A and Machine B. Narrations are not required (2 marks); b) Prepare general entries on 30 June 2022 to recognise the depreciation expense, assuming the business recognises depreciation every quarter. Prepare a separate journal entry for each machine. Round depreciation rate and journal entries where appropriate to 2 decimal places (4 marks); c) Prepare an extract Balance Sheet to present the carrying amount of Machine A as at 30 June 2022 (2 marks); d) Calculate the carrying value of Machine B as at 31 December 2022 (2 marks).