On 1 July 2019, Weiland Pty Ltd owned several farming vehicles that had cost a total of $155 000. Accumulated depreciation on these vehicles to 1 July 2019 amounted to $73 000.

On 30 September 2019, Weiland Pty Ltd acquired a new delivery vehicle and traded in one vehicle that had cost $32 000 and which had accumulated depreciation of $14 400 up to 1 July 2019. The full price of the new vehicle was $29 500 and the trade‐in value of the old vehicle was agreed at $18 400. Ignore GST.

On 31 December 2019, an additional delivery vehicle was purchased for $34 000 cash. Depreciation is calculated at the rate of 20% p.a. on the diminishing balance.

Required

Prepare the following accounts for the year ended 30 June 2020:

i. Delivery Vehicles 

ii. Accumulated Depreciation — Delivery Vehicles.