Calculate depreciation on 28 February 2011 at 20% pa. on cost priceBASELINE ASSESSMENT-CALCULATION OF DEPRECIAAT COST PRICEACTIVITY 2ACTIVITY 2.1INFORMATIONThe financial year ends on 28 February each year.Bought a delivery van for R30 000 on 1 March 2010.REQUIREDANSWER

Name: Calculate depreciation on 28 February 2011 at 20% pa. on cost priceBA
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Description: Calculate depreciation on 28 February 2011 at 20% pa. on cost priceBASELINE ASSESSMENT-CALCULATION OF DEPRECIAAT COST PRICEACTIVITY 2ACTIVITY 2.1INFORMATIONThe financial year ends on 28 February each year.Bought a delivery van for R30 000 on 1 March

Depreciation Expense = Original Cost of Asset X Rate of Depreciation

Answered: INFORMATION The financial year ends on…

Business

Accounting

INFORMATION The financial year ends on 28 February each year. Bought a delivery van for R30 000 on 1 March 2010. REQUIRED Calculate depreciation on 28 February 2011 at 20% p.a. on cost price-

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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