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Calculate depreciation each year for both assets

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Reference no: EM132626674

Unam acquired the following assets. Financial Year: 31 December 2019.

1. Motor vehicle N$ 100 000 acquired on 30 June 2015

Custom clearance cost N$ 8 500

Transport cost from Walvis Bay to Windhoek N$ 10 000

Vehicle registration cost N$ 1 500

Depreciation: 4 years' straight line Scrap value N$ 2 000

2. Furniture and Fittings N$ 150 000 acquired on 01 January 2015 Depreciation: 20% diminishing balance N$ 49 152 residual value

Problem a) Calculate depreciation each year for both assets? Show each year depreciation expense and accumulated depreciation

Reference no: EM132626674

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