4 To spread the cost of the asse D To show the fall in market value of the assets in the income statement ABC, whose reporting period is the 12 months ended 31 December, has provided depreciation monthly at the rate of 10% per annum on cost on a piece of plant bought on 1 September 20X0 costing CU15,000. The depreciation method was changed from straight line to 10% reducing balance at the end of 20X3. The depreciation charge on this asset for 20X5 was 50 A CU1,500 B CU945 CU900 D CU889 5 A business with a reporting period of the 12 months ended 30 June buys a non-current asset on 1 July 20X3 for CU200,000. Depreciation is charged at 15% per annum on the reducing balance basis. On 30 June 20x5 the asset was sold for CU54,800. What was the loss on sale of the asset? A B D CU89,700 CU85,200 CU68,025 CU55,200 ended 31 December 20X7 B traded in for CU6,860 a vehicle costing CU 12,000 a innt vehicle. The balance due for the