TASKS Task A Below is an extract from the accounts for the year ended 30 September 2020 for Mr Banko Tango, a sole trader who has been in business for the past ten years. E Bank Balance 15,200 Capital 135,000 Credit Sales 600.000 Drawings 31,500 Electricity and Gas 8,300 Plant and Machinery at Cost 152.250 Loan due for Repayment 21.10.2025 202.000 Loan Interest paid 16,000 Motor Vehicles at Cost 42.000 Motor Vehicles Expenses 12.400 Opening Inventory 31.500 Purchases 256,100 2 Additional information: The Motor Vehicles and Plant and Machinery need to be depreciated. Motor Vehicles will be depreciated at 25% reducing balance Plant and Machinery will be depreciated over eight years. 1. Calculate the annual depreciation that should be charged to the Statement of Profit or Loss (Income Statement) for Mr Banko Tango for the year ended 30 September 2020. (5 marks) 2. What are the carrying amounts of the non-current assets that will be shown in the Statement of Financial Position at 30 September 2020? (5 marks) (Total Marks 10)