QUESTION 2 2.5 points Save Answer Pusher commenced business on 1 January 2020 with two (2) lorries - A (costs 1,000) and B (costs 1,600) On March 3, 2021-A was written off in an accident and Pusher received 750 from insurance company. This vehicle was replaced on 10 March 2021 by C which costs 2,000. A full year's depreciation is charged in the year of acquisition and no depreciation is charged in the year of disposal. Instructions: a. You are required to show the appropriate extracts from Pusher's statement of financial position and income statement for the 3 years to 31/12/2020, 31/12/2021 and 31/12/2022 assuming that i. The vehicles are depreciated at 20% on the straight line method. ii. The vehicles are depreciated at 25% on the reducing balance method. b. Comment briefly on the pros and cons of using the straight line and reducing balance methods of depreciation. Submit your answer using the options below Attach File Browse Local Files Browse Content Collection