Question
PRE-ADJUSTMENT TRIAL BALANCE ON 28 FEBRUARY 2013 vehicles cost =243 600 equipment cost =96 000 (Q) provide for depreciation on vehicles at 20% p.a. on
PRE-ADJUSTMENT TRIAL BALANCE ON 28 FEBRUARY 2013
vehicles cost =243 600
equipment cost =96 000
(Q) provide for depreciation on vehicles at 20% p.a. on carrying value (diminishing balance)
and on equipment at 15% p.a on cost
note:
additional equipment costing R12 000 was purchased on 28 february 2013 this has been recorded
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Derivatives Markets
Authors: Robert L. McDonald
2nd Edition
032128030X, 978-0321280305
