It is also time to replace the motor bike he uses for take-away deliveries. The original cost of the bike was $10,000 with an expected residual value of $3,000. He originally planned to drive the bike 70,000km and depreciate it according to the kilometers driven each year. When trading it in on 30 September 2011 he had driven 5,000km in the current financial year. The new bike costs $15,000, and the dealer allows him to trade in the old motor bike for $4,000. Harry will therefore only pay the difference of $11,000. c) Journalise the disposal of the old motor bike & purchase of the new one. Show all workings for all your calculations