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Question 3 ( 1 5 marks ) Yippy Yuppy, a general dealer, owns the following assets: table [ [ Asset type,Date of purchase,

Question 3(15 marks)
Yippy Yuppy, a general dealer, owns the following assets:
\table[[Asset type,Date of purchase,\table[[Cost],[(R)]],Depreciation method],[\table[[Manufacturing],[equipment]],1 March 2022,1200000,\table[[Straight-line method.],[Useful life of 5 years.],[Residual value: Nil (0).]]],[Furniture,\table[[1 November],[2022]],400000,\table[[Straight-line method.],[Useful life of 7 years.],[Residual value: R50000.]]],[\table[[Computer],[equipment]],30 June 2022,90000,\table[[Diminishing balance method],[at 30% per annum.]]]]
Yippy Yuppy's financial year end is 31 December.
Required:
Calculate the depreciation of each asset for the 2022 and 2023 year-ends. (15)
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