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Financial Year End: 30 June 2018. Motor vehucle NS 200 000 acquired on 31 December 2013 Custom clearance cost NS 4 000 Shipment cost NS
Financial Year End: 30 June 2018. Motor vehucle NS 200 000 acquired on 31 December 2013 Custom clearance cost NS 4 000 Shipment cost NS 15 000 Vehicle registration cost NS 1 000 Depreciation: 4 years' straight line Scrap value NS 2 000 2. Funiture and Fitings NS 122 200 acquired on 01 July 2013 Depreciation: 20% diminishing balance a) Calculate depreciation each year for both assets? Show assets cost, each year depreciation expense and accumulated depreciation
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