Useful life: 5 years

Scrap value: 2527.54

Record a manual journal:

1. Narration: Motor Vehicle Depreciation
2. Date: 2020-07-31
3. Auto Reversing: Leave blank
4. Tick 'Default narration to journal line description'
5. Untick 'Show journal on cash basis reports'
6. Amounts are No Tax
7. For marking purposes, please make sure your manual journal narration is: Motor Vehicle Depreciation
8. First line: Consider which account is debited
9. Second Line:Consider which account is credited
10. Post