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Study the information glven below and answer the following questions: 2.1 Calculate the profit or loss on the vehicle sold. (5mans) 2.2 Calculate the depreciation

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Study the information glven below and answer the following questions: 2.1 Calculate the profit or loss on the vehicle sold. (5mans) 2.2 Calculate the depreciation on the unsold (remaining) vehicles as at 28 february 2023. (4 maks) 23 Prepare the following accounts in the General ledger, showing all the entries up to 28 February 2023 2.3.1 Fixed Asset Realisation (Cloch off the account.) (5 marks) 23.2 Accumulated depreciation on vehicles (Balance the account) (6 marks) INFORMATION 1. On 01 March 2022 the following balances, amongst others, appeared in the books of Uptown Stationers: 2. On 31 August 2022 an old vehice that originally cost R270000 was sold on credit to a trade debtor for F71000. The accumulated depreciation on the vahicle sold amounted to R180 000 on 01 Naroh 2022. Depreciation is calculated at 20%4 p a. using the diminishing balance method, The financial year ends on 28 February 2023. 3. On O1 September 2022 a new vehicle was purchased for R300 000

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