Solution: Option C N$1,512,500
Cost of the Asset:
Invoice Price: N$1,550,000
Import Duties 38,775
Delivery Fee 11,225
Testing Cost: 25,000
Total N$ 1,625,000
Annual Depreciation=(1,625,000-125,000)/10 = 150000
Depreciation for Year 2019 = 150000*9/12 = 112500
Carrying amount of the bus at the end of Financial year = 1,625,000-112500 = N$1,512,500 (option C)
Sunshine Transport (Pty) Ltd imported a bus from their supplier in South Africa. The invoice price...