A business buys a machine for N$20 000. Over a period of 8 years, the value...

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A business buys a machine for N$20 000. Over a period of 8 years, the value of a machine depreciates to N$0. Using straight line method, what is the value of the machine after 4 years? [5 marks] (b) Two friends in the construction business decided to buy cars for their businesses. Mr. Shikongo bought a car costing N$450 000. It is estimated that at the end of 5 years, the car will be worth N$400 000. Mr. Smith bought exactly the same car but decided to depreciate it at 2% each year. Calculate the value of the car to Mr. Shikongo and Mr. Smith at the end of the 4th year. [5 Marks] (c) An employee is paid a salary of N$24 492 per annum which he receives in 12 monthly payments. He has personal allowances amounting to N$4 800. If the tax is payable at the rate of 24% calculate his monthly pay. [5 Marks] A business buys a machine for N$20 000. Over a period of 8 years, the value of a machine depreciates to N$0. Using straight line method, what is the value of the machine after 4 years? [5 marks] (b) Two friends in the construction business decided to buy cars for their businesses. Mr. Shikongo bought a car costing N$450 000. It is estimated that at the end of 5 years, the car will be worth N$400 000. Mr. Smith bought exactly the same car but decided to depreciate it at 2% each year. Calculate the value of the car to Mr. Shikongo and Mr. Smith at the end of the 4th year. [5 Marks] (c) An employee is paid a salary of N$24 492 per annum which he receives in 12 monthly payments. He has personal allowances amounting to N$4 800. If the tax is payable at the rate of 24% calculate his monthly pay. [5 Marks]

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a Using straightline depreciation method the value of the machine decreases by an equal amount each year The depreciation per ... View the full answer