QUESTIONS 3 - 5: Fixed assets, depreciation & disposal The following information relates to questions 3 - 5: The opening balances for SultanaRed Ltd on 1 January 2019 were 50,000 for vehicles at cost and 24,500 for the provision for vehicle depreciation. Vehicles are depreciated using a rate of 20% on cost, on a pro rata basis. On 31 March 2019, a vehicle which had originally cost 18,000 and which had a net book value at the end of 2018 of 8,400 was sold for 7,000 cash. 3 How much has the sold vehicle been depreciated in total by the end of 2018 ? (1 mark) 4 How much depreciation will be charged in 2019 for (1) the car that was sold on 31 March? (2 marks) (ii) the remaining vehicles? (2 marks) 5 As appropriate, enter the opening balances and transactions and balance off / transfer items to the P&L for the following accounts for the year ended 31/12/2019, including any balances for the next period: Vehicle at cost account (10 marks) (ii) Provision for depreciation account (12 marks) Disposal account (11 marks)