Scenario You are employed by Complete Business Services which provides accounting and bookkeeping services to their clients. You are managing one of the clients and have been provided with the following information and tasks: On 31 March 2016, Snow Lake Pty Ltd purchased the following fixed assets: Motor Vehicle $42,000 plus GST Computers on credit for $60,000 plus GST . Organisational Policies and Procedures for Snow Lake Pty Ltd state the following for depreciation: General Journal entries are to be checked and verified before entering the accounting system Balance Day is 30 June All computer equipment must be sold within four years of purchase Depreciation on Motor Vehicles should be calculated using the straight-line method Depreciation on computer equipment should be calculated using the diminishing balance method Record the depreciation and disposal of the non-current assets as per the above organisational Policy and Procedures information and AASB requirements. Depreciate Motor Vehicles using Straight-line Depreciation Method Depreciate Computer Equipment at 30% p. a Reducing Balance Method Complete the following tasks using the information above. The Asset register templates have been provided to you. Refer to Chapter 14, Prepare Financial Reports, to complete the following Task 1 - 5 Snow Lake Pty Ltd purchased a motor vehicle on 31 March 2016 for $42,000 plus GST. It has an expected useful life of 5 years and is being depreciated using the str