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Question 1 [ 1 2 ] DEPRECIATION An entity bought machinery for R 2 0 7 0 0 0 ( including VAT at 1 5

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Question 1[12]
DEPRECIATION
An entity bought machinery for R207000(including VAT at 15%) on 1 October 2019. The entity depreciates machinery at 20%, using the diminishing balance method. The year end of the entity is 30 June each year.
Required:
Complete the following table for the asset bought on 1 October 2019:
\table[[Year,\table[[Carrying],[amount]],\table[[Percentage],[depreciation]],\table[[Annual],[depreciation]],\table[[Accumulated],[depreciation]]],[2020,,20%,,],[2021,,,,],[2022,,,,],[2023,,,,]]
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