Poppy Traders owns the following assets on 31 December 2021:

1. Ford EcoSport CS 23 TM GP: Purchased on 30/6/2019 for R250 000.

2. Packaging machine: Purchased on 1/4/2020 for R300 000.

Poppy Traders writes off depreciation as follows:

Vehicles at 20% per annum using the diminishing balance method.

Machinery at 25% per annum using the straight-line method.

Question 3.1.

Record the vehicle as it would appear in the asset register on 31 December 2021 using the template below:

ASSET REGISTER
VEHICLE: FORD ECOSPORT
DATE	COST	DEPRECIATION	ACCUMULATED DEPRECIATION	CARRYING VALUE

Question 3.2.

Record the packaging machine as it would appear in the asset register at 31 December 2021 using the template below:

ASSET REGISTER
MACHINE: PACKAGING MACHINE
DATE	COST	DEPRECIATION	ACCUMULATED DEPRECIATION	CARRYING VALUE