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Question 3.3 Sterling Jewels CC, a registered VAT vendor, bought a non-passenger vehicle for R 288 144 (including VAT) on 31 May 20.8. It
Question 3.3 Sterling Jewels CC, a registered VAT vendor, bought a non-passenger vehicle for R 288 144 (including VAT) on 31 May 20.8. It was decided to depreciate all non-current assets at 33 1/3% per annum according to the diminishing balance method. Required: (i) (ii) Prepare the depreciation and accumulated depreciation accounts in the general ledger of Sterling Jewels CC for the financial years ending 31 August 20.8 and 20.9. Show the depreciation adjustments and closing transfers in the general journal of Sterling Jewels CC on 31 August 20.8 and 20.9.
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