Question 1 Hogwarts Traders: Vehicle 2DatePurchased:1 August 2019 Date CurrentdepreciationAccumulateddepreciationMake andreg.:Hyundai Atos2019 (ZV109GP)31 Dec2019? ?Purchasedfrom:HyundaiAuto(Cash) Cost Price: R150 000 Rate ofDepreciation:15% accordingto straight linemethod. Sold to: Type of Sale: Date sold: Selling Price: Required:Prepare the following accounts in the general ledger of Hogwarts Traders for the financial year ended 31 December 2019 ONLY. Start with the opening balances. Balance the accounts at the end of the month. Ignore VAT.‐ Vehicles‐ Accumulated depreciation: Vehicles‐ Depreciation‐ Asset Disposal‐ Profit/Loss on sale of vehicles.
Question 1
Hogwarts Traders: Vehicle 2
Date
Purchased:
1 August 2019 Date Current
depreciation
Make and
reg.:
Hyundai Atos
2019 (ZV109GP)
31 Dec
2019
? ?
Purchased
from:
Hyundai
Auto(Cash)
Cost Price: R150 000
Rate of
Depreciation:
15% according
to
method
Sold to:
Type of Sale:
Date sold:
Selling Price:
Required:
Prepare the following accounts in the general ledger of Hogwarts Traders for the financial year ended 31 December 2019 ONLY.
Start with the opening balances. Balance the accounts at the end of the month. Ignore VAT.
‐ Vehicles
‐ Accumulated depreciation: Vehicles
‐ Depreciation
‐ Asset Disposal
‐
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