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19:29 54% D10. XYC Trucking_al of Fixed Assets - Read-only Sign in to edit and save changes to this file. ii) Trucks Disposal Account COM IM Team 20 . The newly 2035 2.000 och borre. On lagunto XXL TrackingCod with truck or which he paid 35,000 h De beboud in a major citanda cari econds to de monotopom. On my the company bought the buckere Sir 11 During 2013, the company decided to place the trud boughton rrukohane trudim S 1. The pred a pictwo head, wine of 30 H Www Serwery medio A torbedintre coton, but more charged alok bought and dat Trucs et Testy Account Task III 0 09:04 al 12% D10. XYC Trucking_al of Fixed Assets - Read-only Sign in to edit and save changes to this file. PROPERT. BLANT AND ENEMENT III 0 fx C H PROPERTY. PLANT AND EQUIPMENT XYZ Trucking Limited is a haulage contractor. At 1 May 2018 the company had three Trucks, details of which are as follows: Truck Name Date Purchased Cost Truck 1 12 2015 16,000 Truck 2 1 Feb 2017 21,000 Truck 3 1 Apr 2018 31,000 During the year to 30 April 2019, the following Truck transactions took place: Truck 1 was sold on 31 July 2018 for 3,000 on cash terms on 1 August 2018 XYZ Trucking LLC replaced it with a new tru truck no. 4 for which he paid 35,000 in cash. On 1 December 2018, the new truck (truck no. 4) was involved in a major accident, and as a result was completely written The company was able to agree a daim with his insurance company, and on 31 December 2018, received E 30,000 from the Insurance company. On 1 January 2019 the company bought another truck (truck no. 5) for 41,000 . . During March 2019, the company decided to replace the truck bought on 1 April 2018 truck no. 3) with a new truck. It was delivered on 1 April 2019 truck no. 6). The company agreed a purchase price of E 25,000 for the new truck, the terms of which were 20 milion in part-exchange for the old truck and the balance to be paid immediately in cash. Notes: 1) XYZ Trucking Limited uses the straight-line method of depreciation. 2) The trucks are depreciated over a five-year period by which time they are assumed to have an exchange value of 1,000 e 3) A full year's depreciation is charged in the year of acquisition, but no depreciation is charged if a truck is bought and sold or otherwise disposed of within the same financial year. 4) XYZ Trucking Limited does not keep separate ledger accounts for each individual truck. Required: Write up the following accounts for the year to 30 April 2019 1) Trucks Account 1) Trucks Disposal Account I) Allowance for depreciation on trucks account