Activity 1: More on depreciation Douggen manufactures and installs specialist industrial pumps. The business commenced trading on 1 January 2012 and purchased the following assets: - Plant and machinery 80,000 - Motor vehicles 24,000 Before preparing the financial statements Douggen needs to decide how the business is going to depreciate various assets. 25. Show the entry for non-current assets on the statement of financial position at 31 December 2012 , assuming that Douggen depreciates the motor vehicles at 25% per annum on the straight-line basis