You are required to:

i. Illustrate Machinery Account for the year ended 31 December 2017 to 31 December 2020 [6 marks]

ii. Calculate the depreciation for machinery [4 marks]

iii. Prepare Accumulated Depreciation of Machinery Account for the year ended 31 December 2017 to 31 December 2020 [6 marks]

iv. Prepare Machinery Disposal Account for the year ended 31 December 2020 [4 marks]

Toni Braxton Sdn Bhd has the following balances on it accounts in respect of machinery and its depreciation on 31 December 2016: Machinery RM210,000 Accumulated depreciation of machinery RM86,000 The firm then makes the following purchases of machinery: RM100,000 1 January 2017 30 June 2017 31 March 2018 30 September 2019 RM120,000 RM160,000 RM200,000 Machinery is depreciated using straight line method at 25% on cost on a yearly basis. No depreciation is provided in the year of disposal of any asset. On 31 March 2020, a machinery that was purchased for RM60,000 on 1 July 2016 was sold for RM3,000