On 1 January 20x6, Pigments Manufacturers bought a vehicle for R40 000. The vehicle is expected to
Question:
On 1 January 20x6, Pigments Manufacturers bought a vehicle for R40 000. The vehicle is expected to have a useful life of four years and a residual value of approximately R8 000.
You are required to:
Calculate the depreciation charge for each of the four years assuming:
1. The straight-line method is used.
2. The diminishing-balance at a rate of 33.33% per annum is used.
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Fundamental Accounting
ISBN: 9781485112112
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Authors: David Flynn, Carolina Koornhof, Ronald Arendse, Anna C. E. Coetzee, Edwardo Muriro, Louise Christel Posthumus, Louise Mancy Smit
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