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PRE-ADJUSTMENT TRIAL BALANCE - 31 DECEMBER 2022. Vehicles at cost R400 000 Equipment at cost R200 000 Accumulated depreciation: Vehicles (1/1/22) R160 000 Accumulated depreciation:
PRE-ADJUSTMENT TRIAL BALANCE - 31 DECEMBER 2022.
Vehicles at cost R400 000
Equipment at cost R200 000
Accumulated depreciation: Vehicles (1/1/22) R160 000 Accumulated depreciation: Equipment (1/1/22) R 80 000
ADJUSTMENTS: Depreciation is to be provided as follows:
- on vehicles at 10% p.a. on the diminishing balance method. - on equipment at 20% p.a. on cost.
To Prepare an adjustment entry and General Ledger.
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