6.5 Charles St Clair purchased his first van, a Ford, on 1 January 20X0 for £12,000. He pur¬ chased another van, a Volvo, on 1 July 20X1 for £16,000.

On 1 May 20X2 St Clair traded in the Ford in part exchange for a new van. The relevant invoice is given below:
I Smooth Ltd £
Purchase of Vauxhall van 17,730 Delivery charge 100 Number plate 50 Van licence 250 Petrol 30 Sign-writing 120 18,280 Less: Allowed in part exchange for Ford van 5,280 £13,000 1. St Clair depreciates his vans on a straight-line basis over four years and assumes that they will have a zero residual value.
2. His year end is 31 December.
3. Taxes payable on the purchase of vans may be ignored.
Show for the period 1 January 20X0 to 31 December 20X2 St Clair’s • Motor vans account • Motor vans, accumulated depreciation, account • Depreciation expense account • Sale of fixed assets account.