Accounting$/$P$1$

$5$

DBE$/$November $2020(2)$

Equipment:

Depreciation is $20\%$ p$.$a$.$ on the diminishing$-$balance method.

Unused equipment was sold for R$40000$ on $1$ October $2020.$ Accumulated depreciation on the equipment sold was R$36600$ on $1$ March $2020.$

Extract of the Fixed Asset Note:

$\backslash$table$[[,$VEHICLES,EQUIPMENT$],[$Cost $(1$ Mar. $2020),460000,360000],[$Accumulated depreciation $(1$ Mar. $2020),(396750),(187595)$