Question: Vincent purchases a Van for $ 6 5 , 0 0 0 on 1 February 2 0 2 0 . It is expected to be

Vincent purchases a Van for $65,000 on 1 February 2020. It is expected to be used for 4 years and then sold for $5,000.
Required: Prepare a Balance Sheet extract in the table below for the years ended 30 June 2020,30 June 2021 and 30 June 2022.

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