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On 2 8 February 2 0 2 1 , the last day of the financial period, the following balances appeared in the accounting records of

On 28 February 2021, the last day of the financial period, the following balances appeared in the accounting records of Adorable Dogs: Equipment at cost, R60000 Accumulated depreciation on equipment (1 March 2020), R20000 New equipment was purchased from Computer Ltd on 1 December 2020, R10000. Depreciation on equipment has not yet been recorded. Depreciation is calculated at 15% on the diminishing balance method. The amount for depreciation on equipment for the 2021 financial yearend in the statement of profit or loss and other comprehensive income will be:
A. R5500
B. R4000
C. R4875
D. R6000

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