please help me understand this concept
platinumz
Registered Posts: 1
net assets summary as at 31 march 2015
motor van
cost 3000
depreciation 2500
net book value 500
additional information say that joyce bought a new van in january 2015 receiving a part exchange allowance of sh 1,800,00 for her old van. a full years depreciation is to be provided for the new van, calculated at 20% on cost.
can you kindly help me through
motor van
cost 3000
depreciation 2500
net book value 500
additional information say that joyce bought a new van in january 2015 receiving a part exchange allowance of sh 1,800,00 for her old van. a full years depreciation is to be provided for the new van, calculated at 20% on cost.
can you kindly help me through
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What's the total cost of the new van?AAT
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