Study the information provided below and answer the following questions: 12.1 How much depreciation is applicable for the financial year ended 28 February 2022 to the vehicle that was sold? (2 marks) 1.2.2 For how many years was the vehicle that was sold in the possession of the business? (2 marks) 1.2.3 Prepare the Asset Disposal account in the general ledger as at 01 March 2022. Close off the account. (5 marks) 1.2.4 Calculate the depreciation for the year financial ended 28 February 2023 on the new vehicle that was purchased on 01 June 2022. (2 marks) 1.2.5 What was the cost price of the vehicles on 28 February 2023 ? (4 marks) INFORMATION 1. On 01 March 2022 the following balances, amongst others, appeared in the books of Savov Stores: 2. The straight-line method of depreciation is used and all vehicles are assumed to have a useful life of eight years. 3. On 01 March 2022 a vehicle that originally cost R200 000 was sold for R140 000 cash. The accumulated depreciation on this vehicle amounted to R75 000 on 01 March 2022. 4. On 01 June 2022 a new vehicle was purchased for R400000. 5. The financial year ended on 28 February 2023