Use the information from Question 14.2 to answer this question. Assume that management estimates that the useful
Question:
Use the information from Question 14.2 to answer this question. Assume that management estimates that the useful life of the vehicle is five years and that maintenance cost would increase as the vehicle ages. They are also of the opinion that the vehicle could be sold for R10 000 at the end of its useful life.
Data from in question 14.2
You are required to:
1. Determine a suitable basis for depreciation.
2. Determine the depreciable amount.
3. Prepare a schedule for the depreciation of the vehicle over its estimated life.
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