Pls answer the questions with your detailed explanations, it's much appreciated!

8.12 Which of the following statements describes current assets? Assets which are currently located on the business premises Assets which are used to conduct the organisation's current business Assets which are expected to be converted into cash in the short-term Assets which are not expected to be converted into cash in the short-term (2 marks) 8.13 Gamma purchases a motor vehicle on 30 September 20X1 for $15,000 on credit. Gamma has a policy of depreciating motor vehicles using the reducing balance method at 15% per year, pro rata in the years of purchase and sale. What are the correct ledger entries to record the purchase of the vehicle at 30 September 201 and what is the depreciation charge for the year ended 30 November 201? 14 Banjo Co purchased a building on 30 June 208 for $1,250,000. At acquisition, the useful life of the building was 50 years. Depreciation is calculated on the straight line basis. Ten years later, on 30 June 20Y8 when the carrying amount of the building was $1,000,000, the building was revalued to $1,600,000. Banjo Co has a policy of transferring the excess depreciation on revaluation from the revaluation surplus to retained earnings. Assuming no further revaluations take place, what is the balance on the revaluation surplus at 30 June 20y9? $335,000$310,000$560,000$585,000 (2 marks)