The following are some of the balances in the books of Concorde Ltd on 30 June 2021: Equipment Vehicles Furniture Accumulated depreciation: Equipment Accumulated depreciation: Vehicles Accumulated depreciation: Furniture DR 80 000 560 000 53 600 CR 24 000 192 000 18 400

The following are some of the balances in the books of Concorde Ltd on 30 June 2021: Additional information: - An office computer (equipment) was bought on 1 October 2021 for R20 000. - A vehicle with a carrying value of R60 000 and accumulated depreciation of R91 400 was sold on credit to G Gundolf for R55 000 on 1 July 2021. - Non-current assets are depreciated as follows: Equipment: 33.33% per annum on cost. Vehicles: 20% per annum according to the diminishing balance method. Furniture: 15% per annum according to the diminishing balance method. Required: Q.2.1 Prepare the asset disposal account in the General ledger of Concorde Ltd to reflect the sale of the vehicle on 1 July 2021. Q.2.2 Prepare the note to the financial statements that shows the movements for (30) property, plant, and equipment for the year ended 30 June 2022. A Total column is net required. Round to the nearest Rand