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Samoosse Traders sells clothing and has been trading since January 2019 to date and is not registered as a VAT vendor. The current financial year
Samoosse Traders sells clothing and has been trading since January 2019 to date and is not registered as a VAT vendor. The current financial year end for Samoosse Traders is 31 December 2021. On 31 May 2021, Samoosse Traders acquired new equipment for a cash amount of R90 000. Samoosse Traders' accounting policy stipulates that all equipment are depreciated using a fixed installment method over an economic life of 4 years. What is the depreciation amount for the new equipment for the current financial period ending on 31 December 2021 for Samoosse Traders? Select one: a. R13 125 b. R15 000 c. R22 500 d. R25 000
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