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These are the books of Mica Stores as at 28 February 2021. Vehicles R300 000, Accumulated depreciation R50 000. Depreciation is calculated at 10% on
These are the books of Mica Stores as at 28 February 2021. Vehicles R300 000, Accumulated depreciation R50 000. Depreciation is calculated at 10% on cost. An old vehicle was disposed on 31 August 2019 at R20 000 cash. The vehicle originally costed R25 000 and the Accumulated depreciation is R 3 000. Depreciation for the disposed vehicle is________. A. R2 500 B. R1 250 C. R2 000 D. R500
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