A trader bought motor vehicle costing Kshs. 3,000,000 On 1 January, 2018 on April 1 2020...

 

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A trader bought motor vehicle costing Kshs. 3,000,000 On 1 January, 2018 on April 1 2020 he bought another one costing one million. The business calculates depreciation on motor vehicle at the rate of 25% on cost per annum. st Required:- i. Motor vehicle account ii. Depreciation account iii Provision for depreciation account. A trader bought motor vehicle costing Kshs. 3,000,000 On 1 January, 2018 on April 1 2020 he bought another one costing one million. The business calculates depreciation on motor vehicle at the rate of 25% on cost per annum. st Required:- i. Motor vehicle account ii. Depreciation account iii Provision for depreciation account.

Answer rating: 100% (QA)

Motor vehicle Ac Date Particulars amount Date Particulars amount 1Jan18 Bank 300000000 31Dec18 Balan... View the full answer