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Depreciation O Santa runs a large toy shop in Windsor. In the year ended 31 August 2017 she bought the following fixed assets: o A
Depreciation O Santa runs a large toy shop in Windsor. In the year ended 31 August 2017 she bought the following fixed assets: o A new cash register for $5000. Purchased on 1 December 2016, to be depreciated at 10% straight line o A new delivery van, purchased on 31 March 2017, cost $22000. The van is to be depreciated at 15% reducing balance o Calculate depreciation and show the relevant booking entries and extract of statement of finaacial position at 31 August 2017 for non Fjlo current assets
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