Question: 1.3 REQUIRED Use the information provided below to answer the following questions: 1.3.1 Prepare the Asset Disposal account in the general ledger of Powerade Stores.

1.3 REQUIRED Use the information provided below to answer the following questions: 1.3.1 Prepare the Asset Disposal account in the general ledger of Powerade Stores. The account must be closed off. (6 marks) 1.3.2 Calculate the deprecation for financial year ended 28 February 2022 on the vehicle that was sold. (2 marks) 1.3.3 Calculate the deprecation for the financial year ended 28 February 2023 on the vehicle that was purchased on 01 September 2022. (2 marks) INFORMATION On 01 March 2022 the following balances amongst others, appeared in the books of Powerade Stores: Vehicles (at cost) R 660000 Accumulated depreciation on vehicles R 440000 On 01 March 2022 a vehicle (which was estimated to have a useful life of six

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