Homework Answers
Cost of Machinary excluding vat= R402500*100/115=R350000
Depreciation for the year 2019= R350000/6*10/12= R48611
Accumulated depreciation for the year= R48611/-
Depreciation for the year 2020=R350000/6=R58333/-
Accumulated depreciation for 2020 (Depreciation of 2019+ depreciation of 2020)= R106944/- (R48611+R58333)
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