Question $11$

Crystal Ltd traded in a motor vehicle on $1$ July $2017.$ The new motor vehicle had a list price of $40,000$ and the trade in allowance received was $10,500.$ The Motor vehicles are depreciation at $20\%$ per annum on a reducing balance basis. The asset was originally purchased on $1$ January $2012$ for $38,000.$ A full years depreciation is charged in the year of purchase and none in the year of sale.

Required

$($a$)$ Calculate the carrying amount of the machine as at $1$ July $2017.$

$($b$)$ Calculate the profit or loss on disposal.

$($c$)$ Prepare the relevant ledger accounts for year ended $31$ December $2017.$ how to get the dpr charge of $8000$