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 24,000 21 Oct 08 28 Feb 09 Motor vehicle A Motor vehicle B Motor vehicle Motor vehicle D 28,000 11 Nov 09 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