Complete the table below in the answer book, by calculating the depreciation, (6) accumulated depreciation and carryingvalue for each of the two (2) years. Assume that the asset was bought on the first day of the financial yearand that the assetis depreciated at 33 %% peryear using the diminishing balance method (reducing balance).

Year	Cost Price	Depreciation rate (331/3%)	Accumulated Depreciation	Carrying Value
Year 1	450 000
Year 2	450 000

A vehicle with an original cost of R350 000 is sold for R150 000 cash on 30 June 2016. The accumulated depreciation at the start of the financial yearduring which it was sold was R175 000. The financial yearends on 31 Dece mber 2016. The asset is depreciated at 25% perannum using the straight line method. Record all the transactions regarding the sale of the asset in the asset disposal account in the general ledger, including the profito loss on the disposal.