The following balances (amongst others) appeared in the books of Hayley Equipment on 30th June 2021. Vehicles R455 750 Accumulated depreciation: Vehicles R195 320 Additional information: On 1st July 2021 a vehicle with a cost price of R95 100.00 and an accumulated depreciation of R61 980.00 was traded in on a new vehicle purchased from Maritime Motors. The purchase price of the new vehicle was R185 670.00 and the trade-in covered R45 000.00 of this amount. The balance was financed through a Hire Purchase Loan from Alpha Car Finance. Hayley Equipment depreciates vehicles at a rate of 20% per annum according to the diminishing balance method. The information given above refers to all the movements relating