Cosco Ltd as at 1 July 2021 Machinery (cost $250,000) (prov for depreciation $75,000) Motor vehicles (cost $80,000) (prov for depreciation $48,000) Equipmeny (cost $200,000) (prov for depreciation $36,000) During the year ended 30 June 2022, the following transaction took place: 1. On 1 October 2021, Cosco Ltd purchased additional machinery costing $120,000 by cheque. 2. On 1 December 2021, a new motor vehicle was bought for $30,000. Cosco Ltd part-exchanged an old vehicle for an allowance of $18,000 and paid the remaining balance by cheque. The old vehicle was originally purchased for $28,000 on 1 September 2019 3. On 15 January 2022, new equipment costing $50,000 was bought from Kenza Co. 4. On 1 May 2022, Equipment which had cost $24,000 with an accumulated depreciation of $18,000 was sold for $8,000. The depreciation policies are as follows: Machinery: 5% per annum on cost Vehicles: 20% per annum using the reducing balance method Equipment: 10% per annum using the reducing balance method A full year depreciation is charged in the year of purchase and non in the year of disposal REQUIRED: (a) 1. Motor vehicle (cost) account 2. Provision for depreciation on motor vehicles account 3. Provision for depreciation on equipment account 4. Disposal of motor vehicle account 5. Disposal of equipment account 6. The non-current assets schedule