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3 On 1 January 2014 Alex had a motor vehicle with an original cost of S17000 on which

By December 6, 2021No Comments

3 On 1 January 2014 Alex had a motor vehicle with an original cost of S17000 on which请登录depreciation of $6800 had been provided.On 1 April 2014 he bought a new vehicle,costing $24 000.He sold the old one and received acheque for $9400.Alex provides depreciation on motor vehicles at the rate of 40%per annum on the reducing(diminishing)balance basis.He allows a full year’s depreciation in the year of purchase and nonein the year of disposal.REQUIRED(a)Prepare the following ledger accounts for the year ended 31 December 2014.Balance theaccount(s)where necessary and bring down the balance(s)on 1 January 2015.AlexProvision for depreciation of motor vehicles accountDateDetailsDateDetails151new⊕Q<>司@文

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