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The following are some of the balances in the books of Concorde Ltd on 3 0 June 2 0 2 1 : A vehicle with

The following are some of the balances in the books of Concorde Ltd on 30 June 2021: A vehicle with a carrying value of R60000 and accumulated depreciation of R91400 was sold on credit to G Gundolf for R55000 on 1 July 2021. Vehicles: \(20\%\) per annum according to the diminishing balance method. Q.2.1 Prepare the asset disposal account in the General ledger of Concorde Ltd to reflect (15) the sale of the vehicle on 1 July 2021.8

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