Help with Disposal account

The original cost of a vehicle was £5000 excluding vat and accumulated depreciation was £1000.
A new vehicle was acquired at the cost of £2500 plus VAT.
Please, prepare a disposal account.
My solution below
Debit side
Original cost £5000
Bank £2500
Balance £7500
Credit side
Disposal £5000
Accumulated depreciation £1000
Loss of disposal £1500
Balance £7500.
Please, just want to know whether I'm in the right direction.
A new vehicle was acquired at the cost of £2500 plus VAT.
Please, prepare a disposal account.
My solution below
Debit side
Original cost £5000
Bank £2500
Balance £7500
Credit side
Disposal £5000
Accumulated depreciation £1000
Loss of disposal £1500
Balance £7500.
Please, just want to know whether I'm in the right direction.
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Currently on CIMA Management Level. Passed P2, F2 and E2. Preparing for November 19 MCS.