PART A: FIXED ASSETS The bookkeeper for Zuks Hardware Store presented you with information relating to the fixed assets of the store. The financial year ended on 28 February 2018. Vehicles Equipment Accumulated depreciation on vehicles Accumulated depreciation on equipment Details of vehicles: Vehicle 1 Vehicle 2 Vehicle 3 Vehicle 4 Details of Equipment: 1.1 Date purchased 1 March 2014 1 September 2015 1 October 2016 1 May 2017 . Vehicles are depreciated at 15% p.a. on cost. REQUIRED: Cost 28 February 2018 998 000 675 000 ? ? R240 000 R300 000 R290 000 ? 1 March 2017 830 000 ? Accumulated Depreciation as at 28 February 2018 R108 000 R67 500 ? ? New equipment, cost R182 000, was purchased on credit on 1 December 2017. Equipment is depreciated at 20% on the diminishing balance method. ? 193 400 Explain why the business would use different depreciation policies for the different categories of fixed assets. (3)