Asset Date of Acquisition Depreciation Rate Current Cost Selling Price

1/1/15 31/12/15 1/1/15 31/12/15

Equipment 1/1/12 10% 300,000 330,000 250,000 275,000

Land 1/1/11 NA 200,000 250,000 220,000 260,000

Vehicle 1/1/15 20% 100,000 80.000 90.000 70,000

A) CALCULATE DEPRECIATION ON THE VEHICLE FOR 2015, USING

i) CURRENT COST ACCOUNTING

ii) EXIT PRICING

B) CALCULATE TOTAL NON CURRENT ASSETS (AFTER DEDUCTING ACCUMULATED DEPRECIATION) USING:

i) CURRENT COST ACCOUNTING

ii) EXIT PRICING