Answered step by step
Verified Expert Solution
Question
1 Approved Answer
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
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started