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Salo Enterprise which makes up its accounts to 30 June each year, has two types of tixed assets namely Motor vehicles and Office equipment. Annual depreciation on Motor vehicles is calculated at the rate of 20% per annum on book value. Provision for depreciation is to be made on the basis of one month's ownership, one month's provision for depreciation. Depreciation on office equipment is calculated at the rate of 15% per annum on cost, based on assets in existence at the end of the year. On 30 June 1999, the following information has been extracted from the Balance Sheet of Salo Enterprise. On 1 October 1999, the business bought a second hand car from a friend for RM28.000. The car was sent for repairs and the repair cost amounted to RM2,300. An air conditioning unit was also installed in the car at a cost of RM1000. The business bought two photocopying machines on 1 February 2000 at a cost of RM75,000 each. Due to minor damages occurred during its transportation from the distributor, the machines were repaired and the cost amounted to RM500. On the same date, a van was purchased at a cost of RM95,000 inclusive of RM5,000 for insurance and road tax. All payments were made by cheques. Required: For the year ended 30 June 2000:- i. Motor vehicles account and Office equipment account ii. Provision for depreciation account for both assets iii. Statement Financial Position (extract) as at that date

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