Question 2 The following purchases and sales of motor vehicles were made in the 3 years ended 31 October 2010. All payments and receipts were made by cheque. Date of Purchase Asset Cost 01 Nov 07 20,000 Motor vehicle A Motor vehicle B 21 Oct 08 24,000 28 Feb 09 Motor vehicle 28,000 11 Nov 09 Motor vehicle D 32,000 Date of Sale Asset Sale price 11 Nov 09 Motor vehicle A 13,500 REQUIRED Prepare the following accounts for the 3 years ended 1 November 2008, 2009 and 2010: (a) Motor Vehicle Account (b) Motor Vehicle Provision for Depreciation Account (c) Motor Vehicle Disposal Account (25 Marks) Question 2 The following purchases and sales of motor vehicles were made in the 3 years ended 31 October 2010. All payments and receipts were made by cheque. Date of Purchase Asset Cost 01 Nov 07 20,000 Motor vehicle A Motor vehicle B 21 Oct 08 24,000 28 Feb 09 Motor vehicle 28,000 11 Nov 09 Motor vehicle D 32,000 Date of Sale Asset Sale price 11 Nov 09 Motor vehicle A 13,500 REQUIRED Prepare the following accounts for the 3 years ended 1 November 2008, 2009 and 2010: (a) Motor Vehicle Account (b) Motor Vehicle Provision for Depreciation Account (c) Motor Vehicle Disposal Account (25 Marks)