Santa Runs A Large Toy Shop In Windsor, In The Year Ended 31 August 20X5, She Bought The Following Fixed Assets. A New Cash Register For 55,000. This Was Purchased On 1 December 20X4, In Time For The Christmas Rush, And Was To Be Depreciated At 10% Straight A New Delivery Van, Purchased On 31 March 20X5, At A Cost Of $22,000. The Van Is To Be Depreciated

 

5. Santa runs a large toy shop in Windsor. In the year ended 31 August 20X5, she bought the following fixed assets A new cash register for $5,000. This was purchased on 1 December 20X4, in time for the Christmas rush, and was to be depreciated at 10% straight I A new delivery van, purchased on 31 March 20X5, at a cost of $22,000. The van is to be depreciated at 15% reducing balance. Santa charges depreciation on a monthly basis. What is the depreciation charge for the year ended 31st August 20X5? Show the relevant ledger accounts and statement of financial position presentation at that date.