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SA Traders is a registered VAT vendor. The following information was recorded in the accounting records of SA Traders as at 28 February 2022 (the
SA Traders is a registered VAT vendor. The following information was recorded in the accounting records of SA Traders as at 28 February 2022 (the financial year-end): The office furniture is depreciated at 20% per annum, using the straight-line method. Vehicles are depreciated at 25% per annum, using the reducing balance method. What will be the depreciation to be recorded on the office furniture on 28 February 2022? NB: Instructions 1. Do not type the amount with any spaces as separators for thousands (eg: 12141.72) 2. Use a full stop to indicate any decimals (eg: 1000.01)
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