Larsanes and Graduate Program A firm owns a fleet of vehicles acquired at a total cost of R480 000. Accumulated depreciation up to the beginning of the current year is R212 400. Vehicles are depreciated at 25% per annum using the reducing balance method. The written down value of the vehicles by the end of the current year would be Select one: O a. R147 600 Ob R66 900 O c. R200 700 O d. R267 600 What is the value of cost of sales if Sales R60 000; Closing stock R10 000; Opening Stock R10 000; Purchases R50 000 Wages R20 000 and Office Rent R10 000? Select one: O a. R30 000 O b. R10 000 O CR70 000 d. R50 000 A manufacturer owns three machines - the first acquired on 1.1.2006 for R110 000, the second on 1.7.2008 for R90 000, and the third on 1.10.2010 for R130 000. He expects to use each machine for ten years and realise the scrap for R10 000. Using the straight-line method, what is his depreciation for the year ended 31.12.2010? Select one: O a. R30 000 O b. R33 000 c. R21 000