ASSET REGISTER

Asset description: Hyundai H100

Tracking/ Serial no: BN 020

Registration no: RJX 987 GP

Date of purchase: 31 Oct 2014

Depreciation method: Straight line @ 20%

Useful LIFE?

Date of use	Cost Price	Residual Value	Depreciable Amount	Depreciation	Carrying Value
1/11/2014	250 000	8 000	242 000	8 067	233 933
31/12/2015	?	?	?	?	?
31/12/2016	?	?	?	?	?
31/12/2017	?	?	?	?	?
31/12/2018	?	?	?	?	?
01/09/2019	?	?	?	?	?
01/09/2019	The vehicle was disposed off and a profit of R 12 500 was realised on the disposal.

ASSET REGISTER

Asset description: Hyundai H100

Tracking/ Serial no: BN 020

Registration no: RJX 987 GP

Date of purchase: 31 Oct 2014

Depreciation method: Straight line @ 20%

Useful LIFE?

1. Rewrite the asset register as drafted above, thereafter calculate and fill in all the missing figures. (10 marks)