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A trader bought motor vehicle costing Kshs. 3,000,000 On 1 January, 2018 on April 1 2020 he bought another one costing one million. The

 

A trader bought motor vehicle costing Kshs. 3,000,000 On 1 January, 2018 on April 1 2020 he bought another one costing one million. The business calculates depreciation on motor vehicle at the rate of 25% on cost per annum. st Required:- i. Motor vehicle account ii. Depreciation account iii Provision for depreciation account.

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