Further notes: i) Inventory on 31.12.2016 was valued at sh223,200 ii) Rates paid in advance amounted to 2,480 iii) Half of the electricity and water is consumed domestically by Maina's family. iv) Depreciation policy is as follows: Depreciation is provided on a straight line basis. Further notes: i) Inventory on 31.12.2016 was valued at sh223,200 ii) Rates paid in advance amounted to 2,480 iii) Half of the electricity and water is consumed domestically by Maina's family. iv) Depreciation policy is as follows: Depreciation is provided on a straight line basis