BACHELOR OF COMMERCE YEAR 1 - ACADEMIC AND ASSESSMENT CALENDAR - DISTANCE July 2020 a new vehicle costing R90 000 was purchased for cash. Vehicles are depreciated evenly over their estimated useful lives of 5 years. 4) Equipment is depreciated at 15% per year on the reducing balance method. New equipment was purchased on 31 March 2020 for R25 000 cash. No equipment was sold during the current financial year. Required: (5) 2.1 Prepare the "Vehicle disposal" account to show the records for the sale of the vehicle on 30 June 2020. 2.2 Prepare the Property, plant and equipment note as it would appear in Sling (Pty) Ltd's financial statements for year ended 31 December 2020. The note must be prepared in compliance with International Financial Reporting Standards (IFRS). You can leave out the "Total" column. (20) NB: Show all workings. Round of all calculations to the nearest rand. [25] BACHELOR OF COMMERCE YEAR 1 - ACADEMIC AND ASSESSMENT CALENDAR - DISTANCE July 2020 a new vehicle costing R90 000 was purchased for cash. Vehicles are depreciated evenly over their estimated useful lives of 5 years. 4) Equipment is depreciated at 15% per year on the reducing balance method. New equipment was purchased on 31 March 2020 for R25 000 cash. No equipment was sold during the current financial year. Required: (5) 2.1 Prepare the "Vehicle disposal" account to show the records for the sale of the vehicle on 30 June 2020. 2.2 Prepare the Property, plant and equipment note as it would appear in Sling (Pty) Ltd's financial statements for year ended 31 December 2020. The note must be prepared in compliance with International Financial Reporting Standards (IFRS). You can leave out the "Total" column. (20) NB: Show all workings. Round of all calculations to the nearest rand. [25]