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Use the information provided below to answer the following questions: Prepare the Asset Disposal account in the general ledger of Powerade Stores. The account must

Use the information provided below to answer the following questions: Prepare the Asset Disposal account in the general ledger of Powerade Stores. The account must be closed off. INFORMATION 1. On 01 March 2022 the following balances, amongst others, appeared in the books of Powerade Stores: Vehicles (at cost) R660 000 Accumulated depreciation on vehicles R440 000 2. On 01 March 2022 a vehicle (which was estimated to have a useful life of six years) that originally cost R240 000 was sold on credit for R90 000. The accumulated depreciation on this vehicle amounted to R160 000 on 01 March 2022. Depreciation is calculated on vehicles using the straight-line method. The financial year ended on 28 February 2023. 3. On 01 September 2022 a new vehicle (with a useful life of six years) was purchased for R300 000 cash

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