Despatch Brick Company (Pty) Ltd owns a fleet of delivery vehicles. For the year ended 30 September 20x4, this information relates to the vehicles:

Trade-in on CCN 10405, original cost R17 000, accumulated depreciation to 1 October 20x3 was R14 000.

The company depreciates vehicles at 20% per annum on the diminishing-balance method.

You are required to:

• Calculate the depreciation for the year.

• Calculate the profit and loss on sale of each vehicle.

• Show how the non-current assets will be disclosed in the statement of financial position on 30 September 20x4.

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Vehicles at cost on 1 October 20x3 Accumulated depreciation on 1 October 20x3 Purchase of vehicles CCN 19764 on 1 December 20x3 CCN 10405 on 31 March 20x4 Sales of vehicles CCN 994 on 31 December 20x3 (Original cost R18 000, accumulated depreciation to 1 October 20x3 R13 000) CCN 10090 on 31 March 20x4 164 000 00 64 000 00 Purchase price 24 000 00 18 000 00 Proceeds 4 000 00 ********* 6 000 00