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Balances at the end of the financial year: 28 February 2022. Vehicles R300 000 Accumulated depreciation R50 000. Adjustment: Depreciation is calculated at 10%
Balances at the end of the financial year: 28 February 2022. Vehicles R300 000 Accumulated depreciation R50 000. Adjustment: Depreciation is calculated at 10% on cost. An old vehicle was disposed on 31 August 2021 for R30 000 cash. The vehicle originally costed R50 000 and the Accumulated depreciation for previous years is R 10 000. Depreciation for the current year for the disposed vehicle is: O A. R1 250 O B. R2 000 OC. R500 O D. R2 500
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