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The useful life of each class of asset approximates as follows: Cars 10 years 10% Machine 20 years 5% Furniture & Fixture 10 years 10%

The useful life of each class of asset approximates as follows:

Cars 10 years 10%

Machine 20 years 5%

Furniture & Fixture 10 years 10%

Computer 3 years 33%

CARS Machine Furniture Computers Total
Opening Balance as at 01 Jan 2016 2,000,000 400,000 200,000 210,000 2,810,000
Additions 2,500,000 - - - 2,500,000
Disposals - - - - -
Balance as at 31 Dec 2016 4,500,000 400,000 200,000 210,000 5,310,000
Accumulated Depreciation as at 01 Jan 2016 400,000 40,000 40,000 140,000 620,000
Depreciation for the year 200,000 20,000 20,000 70,000 310,000
Accumulated Depreciation as at 31 Dec 2016 600,000 60,000 60,000 210,000 930,000
Net Book Value at 01 Jan 2016 1,600,000 360,000 160,000 70,000 2,190,000
Net Book Value at 31 Dec 2016 3,900,000 340,000 140,000 0 4,380,000

Use the following example to do 2017,2018 and 2019.

Machine had addition 0f $200,000 for 2017

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