21.21A Mavron plc owned the following motor vehicles as at 1 April 2017: Motor Vehicle AAT 101 DIH 202 Date Acquired Cost 1 October 2014 8,500 1 April 2015 12,000 Estimated Residual Value Estimated Life (years) 2,500 5 2,000 8 line method applied on a month-by-month basis on all motor vehicles used during the year. Mavron plc's policy is to provide at the end of each financial year depreciation using the straight During the financial year ended 31 March 2018 the following occurred: On 30 June 2017 AAT 101 was traded in and replaced by KGC 303. The trade-in allowance was 15,000. KGC 303 cost 15,000 and the balance due (after deducting the trade-in allowance) was paid partly in cash and partly by a loan of 6,000 from Pinot Finance. KGC 303 is expected to have a residual value of 4,000 after an estimated economic life of five years. 202 was reduced from six years to four years with no change in the estimated residual value. Required: (a) Show any Journal entries necessary to give effect to the above. (0) Show the Journal entry necessary to record depreciation on Motor Vehicles for the year ended 31 March 2018. (d) Reconstruct the Motor Vehicles Account and the Provision for Depreciation Account for the year ended 31 March 2018. Authors Note Show the necessary calculations clearly. (Association of Accounting Technicians) Author's Note: this is the accumulated provision for depreciation account. wat will be