Novelty Chemicals bought a Motor Vehicle for$110,000 on January 5, 2016. The estimated usefullife of the vehicle is ten years. The disposal valueis estimated at $10,000. Annual depreciation is onthe straight line method.Required for years 2016, 2017 and 2018:a) The Motor Vehicle A/c.b) The Provision for depreciation A/c.c) The Profit and Loss accounts extracts for annualdepreciation.d) The Balance Sheet extracts for motor vehicle and itsrelated depreciation.full question