Salaries expense $25,080 per month Warehouse rent expense $2,310 per month incl. GST Telecommunication expense $605 per month incl. GST Allowance for doubtful debts 10% of the Accounts Receivable Provision for warranty 5% of the sales revenue Interest expense on loan (Building Head Office) |Calculated at 8% per annum Delivery Van Purchased on 1 March 2015 at $76,230 incl. GST, with a useful life of 10 years, and no residual value. It is depreciated using the straight-line method. Store Building Purchased on 1 April 2010, at $594,000 incl. GST, with a useful life of 20 years, no residual value. It is depreciated using the straight-line method. Fire insurance On 1 March 2020, you paid $26,400 incl. GST for a twelve-month fire insurance policy to Berkshire Group