1.2 Study the information provided below and answer the following questions: 1.2.1 Calculate the depreciation on all the equipment for the financial year ended 28 February 2022. (2 marks) 1.2.2 Prepare the Asset Disposal account in the general ledger. Close off the account. (4 marks) Calculate the carrying value of the equipment as at 28 February 2022. (4 marks) INFORMATION 1. On 01 March 2021 the following balances, amongst others, appeared in the ledger of Hatfield Traders: Equipment (at cost) R300 000 Accumulated depreciation for equipment R100 000 2. On 28 February 2022, the end of the financial year, old equipment was sold for R7 000 cash. The cost price of this equipment was R12 000 and the accumulated depreciation on it amounted to R4 000 on 01 March 2021. 3. The straight-line method of depreciation is used. No scrap values are expected for all the equipment. All the equipment were purchased on the same date and they have an expected useful life of six years.