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Delivery Vehicle (ie. Vehicle B) registration number 123-PJA (asset number 125, purchased 1/7/2021 for $25,000 ex GST, estimated useful life 5 years, $0 residual value,
Delivery Vehicle (ie. Vehicle B) registration number 123-PJA (asset number 125, purchased 1/7/2021 for $25,000 ex GST, estimated useful life 5 years, $0 residual value, 22.5% DV depreciation rate) stolen and destroyed by fire. Complete the disposal entries for this stolen asset with fill amount. (Insurance implications are not to be considered for this transaction), please fill out the below table
Asset Register - Delivery Vehicle B Asset Name:Delivery Vehicle Rego No.:123-PJAAsset No: 125 Date Purchased: 1/07/2021 Location: Estimated Life: 5 Estimated Residual Value: 0 Depreciation Rate/Method:22.50%Date Sold/Disposed:30/06/2022Purchased From: Disposal Value:0 Gain/Loss on disposal: DateAsset CostDepreciationAccumulated DepreciationCarrying Amount1/07/2021$ $ $ $ 30/06/2022$ $ $ $ 1/07/2023$ $ $ $ 30/06/2324$ $ $ $Step by Step Solution
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