A delivery van cost £32,000 and was purchased on 28 March 2016. It was depreciated at a rate of 25% using the reducing balance method. A full year’s depreciation was charged in the year of purchase but no depreciation was to be charged in the year of sale. The van was sold for

£13,000 on 4 April 2019.

Produce an asset disposal account to record the sale of the asset. The business’s financial year ends on 31 December.