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The financial year end of John ends on 3 1 December. On 1 January 2 0 2 2 , he purchased ten cars at a
The financial year end of John ends on December. On January he purchased ten cars at a cost of $ each. On December two of the ten vehicles were sold for $ each. His policy is to use the reducing balance method at a rate of charging a full year's depreciation in the year of purchase but none in the year of sale. Required: Motor vehicles account for the years and Provision for depreciation on motor vehicles for the years and Motor vehicle disposal account for
The financial year end of John ends on December. On January he purchased ten cars at a cost of $ each. On December two of the ten vehicles were sold for $ each. His policy is to use the reducing balance method at a rate of charging a full year's depreciation in the year of purchase but none in the year of sale.
Required:
Motor vehicles account for the years and
Provision for depreciation on motor vehicles for the years and
Motor vehicle disposal account for
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