how so we calculate depreciation for additional information 2 and 3

Accounts Payable Bank and cash on hand Investments 9 10 7 000 79 000 70 000 12% mortgage over land and buildings (redeemable in 2025) Additional information: profit annually. 2. Machinery and equipment were obtained on 1 June 2018. Depreciation is provided for at, 20% per annum on the reducing balance method. 20 3.Depreciation on vehicles is provided for at 20% per annum on the straight line method. The vehicles were obtained on 1 September 2017. 4.Hanger Ltd policy is to revalue land and buildings every three years at market value with reference to observable prices in an active market, by an independent sworn appraiser. The following information was obtained from the asset register: Cost of Erf 11, Johannesburg 2013 240 000 Revalued on 1 February 2017 40 000 Revalued on 1 February 2020 70 000 350 0 1. The patents were obtained on 1 March 2013 at R45 000, R4 500 is written off against 20 ASSIGNML MARKS QUESTION 1 company that manufactures toys: Notes R 1 18 000 Patents at carrying amount - 29/2/2020 2 136 000 Machinery and equipment at carrying amount - 29/2/2020 3 30 000 Vehicles at carrying amount - 29/2/2020 4 280 000 Land and buildings at valuation 4 40 000 Revaluation reserve 5 250 000 Share capital - Ordinary shares 44 000 Retained earnings - 1/3/2019 6 165 000 Profit for the year 7 91 000 Accounts receivable 24 000 Inventories: Raw materials 26 000 Work in progress (toys) 12 000 Finished toys 1 00 Stationery 8 135 00 Accounts Payable 9 70 Bank and cash on hand 10 790 Investments ble in 2025) 70 The following balances for 29 February 2020 were taken from the books of Hanger Lio, a