21 Question 1 The following balances appeared in the books of Lisbon Dealers on the 1 March 2020: Land and Buildings Vehicles Machinery Accumulated Depreciation on Vehicles Accumulated Depreciation on Machinery Additional information: 2021 (Marks: 30) 900 000 200 000 300 000 40 000 ? A new building was purchased on 1 September 2020 for R1 000 000. Vehicle A with a cost price of R200 000 was sold on 31 November 2020 on credit to Mr Long for R140 000. Vehicle A was purchased on 1 March 2019. A new delivery vehicle (Vehicle B) was purchased for R345 000 on credit from Siya Motors on 1 December 2020. All machinery was purchased on the 30 April 2017. Computer equipment was purchased on the 30 September 2020 for R30 000. The depreciation policy on non-current assets are as follows: Vehicles: 20% on cost using the straight-line method 0 0 Machinery: All machinery is written off at 10% per annum using the diminishing balance method Equipment: Equipment is written off at 10% per annum using the diminishing balance method IGNORE VAT. Required: Q.1.1 Provide the note to Property, Plant and Equipment for the year-ended 28 February (30) 2021. The total column is not required. Round to the nearest rand. Show all workings.