28 February 2022. Equipment R20 000 Accumulated Depreciation R16 000. Depreciation is calculated at 20% p. a. on a diminishing method. An old equipment was disposed for R1 500 cash on 1 December 2021. The equipment originally costed R3 000. The Accumulated depreciation for previous years is R 700. The depreciation for the year for the disposed equipment is: OA. R460 OB. R225 O C. R92 OD. R345

28 February 2022. Equipment R20 000 Accumulated Depreciation R16 000. Depreciation is calculated at 20% p. a. on a diminishing method. An old equipment was disposed for R1 500 cash on 1 December 2021. The equipment originally costed R3 000. The Accumulated depreciation for previous years is R 700. The depreciation for the year for the disposed equipment is: OA. R460 OB. R225 O C. R92 OD. R345

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Description: please Proper explain and show all step do not give solution in image format 28 February 2022.Equipment R20 000Accumulated Depreciation R16 000.Depreciation is calculated at 20% p. a. on a diminishing method. An old equipment was disposed for R1 500

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter11: Depreciation, Depletion, Impairment, And Disposal

Section: Chapter Questions

Problem 2E: Depreciation Methods Sorter Company purchased equipment for 200,000 on January 2, 2019. The...

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