On 1 July 2016, Weiland Pty Ltd owned several farming vehicles that had cost a total of $155 000. Accumulated depreciation on these vehicles to 1 July 2016 amounted to $73 000.

On 30 September 2016, 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 2016. 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 2016, 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 2017:

1.    Delivery Vehicles

2.    Accumulated Depreciation – Delivery Vehicles.