1.5 When the cost of an asset is written off each year in equal amounts over its expected useful life, the method of depreciation in use is called the method. fixed instalment diminishing balance sum of the digits unit of instalment 1.6 Tony owed AC Traders R2 400. His account was overdue for three months. AC Traders charged him interest at a rate of 12% per annum. Tony now owes AC Traders R72 R2 472 R2 688 none of the above D 1.7 The value of inventory on 31 December 2018 using the weighted average cost method from the following information is 100 DOO 24,5 December Units of inventory Unit cost price Opening inventory 20 000 Purchases 70 000 R25 Purchases 10 000 Sales for December 85000 R20 15 400 175 | 300 R30 R375 000 R425 000 R367 500 none of the above