QUESTION3: Answer the following question: (35 Marks) Egan Couricers Ltd prepares its final accounts to the 31 December every year. The company's policy is to depreciate its vehicles by charged at 10% using the reducing balance method, calculated from data of purchase to data of disposal and to accumulate this depreciation in a provision for depreciation account. On 1/1/2009, the following details were taken from the company's book: Vehicle No. 1 purchased on 1/1/2005 for 80,000 Vehicle No. 2 purchased on 1/7/2006 for 60,000 Vehicle No. 3 purchased on 1/1/2007 for 90,000 On 31/9/2009, vehicle no. 1 was crashed and traded in for 20,000 against a new vehicle costing 40,000. This vehicle had a refrigeration unit fitted on the 1/1/2007 for 25,000. On the 1/4/2010, vehicle no. 3 was involved in a crash, and was traded in against a new vehicle costing 100,000. The company paid 60,000 for the new vehicle and received compensation to the value of 20,000. You are required to show, with workings, for each of the two years 2009 and 2010 : a) the vehicles account. b) the provision for depreciation account. c) the vehicles disposal account