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OUESTION 1 25 MARKS Unam acquired the following assets. Financial Year: 31 December 2016. Motor vehicle NS 100 000 acquired on 30 June 2012 Custom
OUESTION 1 25 MARKS Unam acquired the following assets. Financial Year: 31 December 2016. Motor vehicle NS 100 000 acquired on 30 June 2012 Custom clearance cost N$ 8 500 Transport cost from Walvis Bay to Windhoek N$ 10 000 Vehicle registration cost N$ 1 500 Depreciation: 4 years' straight line Scrap value N$ 2 000 Furniture and Fittings N$ 150 000 acquired on 01 January 2012 Depreciation: 20% diminishing balance N$ 49 152 residual value 2. Calculate depreciation each year for both assets? Show each year depreciation ex a) accumulated depreciation
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