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Question 3. Use the provided Asset Register template to create an asset register using the following data and double entry rules: Regal Corporation purchased a
Question 3. Use the provided Asset Register template to create an asset register using the following data and double entry rules: Regal Corporation purchased a Holden sedan motor vehicle from Croydon Holden on the July 1, 2018 for $32,000 (ex. GST). The vehicle is to be garaged at Regal's Box Hill office and has an estimated useful life of 8 years with an estimated residual value of $4,000. Other details relating to the vehicle are: Registration Number: XXY233 Depreciation Method: Straight-line Asset Number: . 580 Required: Prepare an asset register for the Holden sedan showing details of the vehicle from 17/18 to 30/6/20. Regal Corporation - Asset Register Asset Name: Registration No: Asset No: Purchased from: Date purchased: Location: Estimated life: Date sold: I Estimated residual Disposal value: value: Depreciation method: Date Asset cost Depreciation Accumulated Depreciation Carrying Amount
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