3) On 1st Jan 2008 Famco transporters Ltd purchased three motor vehicles costing s h.1,080,000 each. The useful life of these motor vehicles was estimated to be five ye ars with a disposal value of sh.80,000 for each vehicle. The company's normal purchas e is to use straight line method of depreciation. One of the motor vehicle was damage d in an accident and was sold on 1 Jan. 2010 for sh.450,000. Required: i. Prepare the motor vehicles account ii. Prepare provision for depreciation on motor vehicles account iii. Prepare Motor vehicles disposal account (15 marks) a) Explain three methods of calculating depreciation. (6 marks) 4