Joe Traders is not a registered VAT vendor. On 1 July 2023,

Joe Traders bought machinery for R76 450 on credit from Malebo Machines.

BB Logistics delivered the machinery at an additional cost of R3 670.

Malebo Machines send a technician who installed the machinery and tested its operationality

for R4 480. Joe Traders paid the delivery cost and installation cost with

electronic funds transfers. The interest charged on the outstanding amount for

the year ended 30 June 2024 was R7 850.

What will the depreciation on the machinery be that is recorded in the statement of profit or loss and other comprehensive income for the year ended 30 June 2024?

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