Question 11 Good News Company Limited acquired two motor vehicles on 1st January 2018 for Gh240,000...

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Question 11 Good News Company Limited acquired two motor vehicles on 1st January 2018 for Gh240,000 each. On 1st July, of the same year, a third motor vehicle was purchased for Gh280,000. On 30th June, 2020. The third motor vehicle was disposed of for Gh 168,000. Another motor vehicle was acquired on 30th September, 2020 for Ghe360,000 to replace the one that has been disposed of. The company prepares accounts to 31 December each year and charges depreciation on its vehicles at 25% per annum. Depreciation is charged using the straight-line method and on a yearly basis. Full-year depreciation is charged in the year of purchase and no 11 Question 11 Good News Company Limited acquired two motor vehicles on 1st January 2018 for Gh240,000 each. On 1st July, of the same year, a third motor vehicle was purchased for Gh280,000. On 30th June, 2020. The third motor vehicle was disposed of for Gh 168,000. Another motor vehicle was acquired on 30th September, 2020 for Ghe360,000 to replace the one that has been disposed of. The company prepares accounts to 31 December each year and charges depreciation on its vehicles at 25% per annum. Depreciation is charged using the straight-line method and on a yearly basis. Full-year depreciation is charged in the year of purchase and no 11