The following information was taken from the fixed assets register of Hogwarts Traders. The vehicles indicated below are the only vehicles owned by the sole trader. The company has a 31 December year end. Hogwarts Traders: Asset Register Hogwarts Traders: Vehicle 1 Date Purchased: 1 May 2015Date Current depreciation Accumulated depreciation Make and reg.: Toyota Hilux 2014 (FG765GP) 31 Dec 2015 21 333.33 21 333.33 Purchased from: Benji's Car Sales (Credit) 31 Dec 2016 29 866.67 51 200.00 Cost Price: 320 000.00 31 Dec 2017 26 880.00 78 080.00 Rate of Depreciation: 10% according to reducing balance method. 31 Dec 2018 24 192.00 102 272.00 Sold to:V. Limited. 31 Dec 2019 ? ? Type of Sale: CashDate sold: 1 July 2019Selling Price: 250 000.00

Hogwarts Traders: Vehicle 2 Date Purchased: 1 August 2019Date Current depreciation Accumulated depreciation Make and reg.: Hyundai Atos 2019 (ZV109GP) 31 Dec 2019 ? ? Purchased from: Hyundai Auto(Cash)Cost Price: R150 000Rate of Depreciation: 15% according to straight line method.Sold to:Type of Sale:Date sold:Selling Price:Required: Prepare the following accounts in the general ledger of Hogwarts Traders for the financial year ended 31 December 2019 ONLY.Start with the opening balances. Balance the accounts at the end of the month. Ignore VAT. Vehicles (3) Accumulated depreciation: Vehicles (9) Depreciation (2) Asset Disposal (4) Profit/Loss on sale of vehicles. (1) Show all your workings.