EXERCISE 4 A motor vehicle which cost $12,000 was bought on credit from Trucks Ltd on 1 January 20X9. Financial statements are prepared annually to 31 December and depreciation of vehicles is provided at 25% per annum under the reducing balance method. Required: Prepare the motor vehicle account and the accumulated provision for depreciation on motor vehicles account for the first two years of the motor vehicle's working life. Total 25 marks