equipment R20000, accumulated depreciation R16000. Depreciation is calculated at 20% p.a. on a diminishing method. an old equipment was disposed for R1 500 cash on 1 December 2020. The equipment originally costed R3 000. the accumulated depreciation for previous years is R700. the depreciation for the year for the disposed equipment is
equipment R20000, accumulated depreciation R16000. Depreciation is calculated at 20% p.a. on a diminishing method. an old equipment was disposed for R1 500 cash on 1 December 2020. The equipment originally costed R3 000. the accumulated depreciation for previous years is R700. the depreciation for the year for the disposed equipment is
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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M1
Transcribed Image Text:equipment R20000, accumulated depreciation
R16000. Depreciation is calculated at 20% p.a. on a
diminishing method. an old equipment was
disposed for R1 500 cash on 1 December 2020.
The equipment originally costed R3 000. the
accumulated depreciation for previous years is
R700. the depreciation for the year for the
disposed equipment is
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