DEPRECIABLE ASSETS

The following balances $($amongst others$)$ appeared in the books of Beatle Products on $31$ March $2023$:

Additional information:

On $1$ April $2023,$ a vehicle with the cost price of R$84000$ and accumulated depreciation of R$52380$ was traded in for a new vehicle bought from Kendra Motors. The purchase price of the new vehicle was R$135000($Invoice S$434),$ and the trade$-$in covered R$30000$ of this amount. The balance was financed through a hire purchase loan from Zebra Finance.

Beatle Products depreciates vehicles at a rate of $25\%$ per annum according to the diminishing balance method. The information given above refers to all the movements relating to vehicles for the financial year ending $31$ March $2024.$

REQUIRED:

$2\mathrm{.}1$ On April $1,2023,$ Beatle Products traded in a vehicle for a new one from Kendra Motors. What was the cost price of the new vehicle, and how much of it was covered by the trade$-$in$?(2)$

$2\mathrm{.}2$ Beatle Products depreciates vehicles at a rate of $25\%$ per annum using the diminishing balance method. Calculate the accumulated depreciation on the new vehicle as of April $1,2023,$ just before the trade$-$in$.(4)$

$2\mathrm{.}3$ Beatle Products decided to finance the new vehicle through a hire purchase loan. Analyse the advantages and disadvantages of this financing option compared to other financing methods, such as a traditional bank loan or leasing, considering the company's financial position and goals. $(8)$

$2\mathrm{.}4$ Beatle Products decided to trade in an older vehicle and finance a new one through a hire purchase loan. Evaluate the overall impact of this decision on the company's financial health and long$-$term sustainability. Discuss the trade$-$offs between immediate benefits and potential long$-$term risks. $(8)$

$2\mathrm{.}5$ What was the financed amount of the new vehicle through the hire purchase loan from Zebra Finance after considering the trade$-$in value? $(3)$