The balance in the vehicles account was R$1000000$ on $29$ February $2024,$ the end of the financial year. The balance in the accumulated depreciation on vehicles account was R$300000$ on $01$ March $2023.$ Depreciation is calculated at $20\%$ per year using the reducing balance method. Which of the following statements is correct?

A$.$ The carrying value of the vehicles was R $700000$ on $29$ February $2024.$

B$.$ The balance in the accumulated depreciation on vehicles account was R$440000$ on $29$ February $2024.$

C$.$ The depreciation for the financial year ended $29$ February $2024$ amounted to R$200000.$

D$.$ The depreciation for the financial year ended $29$ February $2024$ amounted to R$60000.$