1] The balance sheet of Fullwood Ltd at 31 December 2018 showed: $ Furniture & Fittings 40 000 Accumulated depreciation of F&F 30 000 10 000 On 1 January 2019 the equipment was sold for $13 000. The accounting entry to record the closing of the equipment and the accumulated depreciation of equipment accounts is:

1] DR Accumulated depreciation equipment $30 000; CR Equipment $30 000.

2] DR Bank $13 000; CR Carrying amount of equipment $13 000.

3] DR Accumulated depreciation equipment $30 000; DR Carrying amount of equipment $10 000; CR Equipment $40 000.

4] DR Accumulated depreciation equipment $10 000; CR Equipment $10 000.

2] If a computer with a fully depreciated cost of $10 000 is discarded as worthless, the correct accounting entry to record the scrapping is:

a	DR Expense on disposal of asset $10 000; CR Computer $10 000.

b	DR Accumulated depreciation computer $10 000; CR Computer $10 000.

c	DR Expense on disposal of asset $10 000; CR Accumulated depreciation computer $10 000.

d	DR Expense on disposal of asset $10 000; CR Proceeds of disposal of asset $10 000.

3] A retailer purchased a delivery van for $34 000 on 1 July 2018. It was planned to keep the vehicle until it had done 80 000 kilometres and then to trade it in. The expected trade in value was $6 000. A schedule of actual distance travelled was:

30/6/19	28 000 km
30/6/20	25 000 km
30/6/21	15 000 km
30/6/22	12 000 km

Using the units-of-production method the amount of depreciation charged for the year ended 30 June 2021 was:

a

$3500.

b

$4200.

c

$5250.

d

$9800.