Question
On 1 July 2010, TECH DEALERS purchased a vehicle with a cost price of R200 000. TECH DEALERS placed a residual value of R40 000
On 1 July 2010, TECH DEALERS purchased a vehicle with a cost price of R200 000. TECH DEALERS placed a residual value of R40 000 on the vehicle. Depreciation is calculated using the reducing balance method at a rate of 20% per year. The annual depreciation for the financial years ended 31 December 2010, 2011, 2012 and 2013 will be calculated as:
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Algorithm Audit Why What And How
Authors: Biagio Aragona
1st Edition
0367530929, 978-0367530921
