Mr$.$ Lee purchased a motor vehicle for $$150,000$ by cheque in year $1.$ It is estimated that the vehicle would be kept for $5$ years and the scrap value would be zero at the end of the period.

Assets are depreciated on a straight$-$line basis and full depreciation is taken in the year of purchase and no depreciation in the year of sale. In year $3,$ Mr$.$ Lee sold the motor vehicle for $$100,000.$

Write up the following accounts for each of year $1,$ year $2$ and year $3$

$($a$)$ Motor Vehicle Account

$($b$)$ Provision for Depreciation Account$($Depreciation Expense and Accumulated Depreciation$)$

$($c$)$ Disposal of Motor Vehicle Account

$($d$)$ Profit and Loss Account

$($e$)$ Balance Sheet