The price of the machine is R402500. This includes VAT of 15%. For calculating depreciation, we should consider the cost of depreciation excluding VAT.

The cost price = R402500

VAT = 15%

Actual cost excluding VAT = 402500 * 100/115 = R350,000

Depreciation and accumulated depreciation for 2019

Machine is purchased on 31 August 2018. The financial year ends on June 30 2019. So, the machine used in this financial year is for 10 months(from september 1 2018 to june 30 2019).

The machine has no residual value and it will be depreciated over 6 years by straight line method.

So, the depreciation for one year = Cost of the machine excluding VAT / 6 years = 350000/6 = R58333

Since, the machine is used for only 10 months this year, we should calculate depreciation for 10 months = 58333 * 10/12 = 48,610.833 rounded to R48611

So, DEPRECIATION FOR 2019 = R48611

ACCUMULATED DEPRECIATION IS THE TOTAL SUM OF DEPRECIATION CHARGED FROM THE YEAR OF PURCHASE TO THIS YEAR. THIS IS THE FIRST YEAR OF PURCHASE. SO, ACCUMULATED DEPRECIATION WILL BE SAME AS THE DEPRECIATION.

ACCUMULATED DEPRECIATION = R48611

Depreciation and accumulated depreciation for 2020

DEPRECIATION(from july 2019 to june 2020= 1 year) = R58333 (already shown in calculations of the year 2019)

ACCUMULATED DEPRECIATION = Total depreciation charged till this year

= R48611(depreciation of previous year) + R58333(depreciation of current year) = R106944