please help me understand this concept

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platinumz
platinumz Registered Posts: 1
in AAT Level 4 (Level 8 in Scotland)
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

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  • Clintm15
    Clintm15 Registered Posts: 248 Dedicated contributor 🦉
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    What's the total cost of the new van?
    AAT
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    Level 3 - 2012
    Level 4 - 2013

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