QUESTION

The accounts of Brian, a sole trader based in County Cork, reveal the following information in relation

to his non$-$current assets as at $31$ December $2023$:

Additional Information:

Buses are depreciated at $20\%$ per annum using the reducing balance method.

Offices are depreciated at $10\%$ per annum using the straight$-$line method.

A full year's depreciation is charged in the year of purchase and none in the year of sale.

Requirement:

$($a$)$ Prepare and balance each of the following accounts for the year ended $31$ December $2023$:

$($i$)$ Buses Cost Account

$($ii$)$ Office Cost Account

$($iii$)$ Buses Accumulated Depreciation Account

$($iv$)$ Office Accumulated Depreciation Account

$($v$)$ Buses Disposal Account

Note: Clearly show your workings.