Reference no: EM133180259

Question - The following values relate to Jesguy pic as at the end of the company's financial year. You have been asked to perform some calculations to update the depreciation figures for the year. Equipment, at cost: E250,340/Motor vehicles, at cost: $130,000 Accumulated depreciation on equipment (as at the start of the year): $100,136 Accumulated depreciation on motor vehicles )as at the start of the year): $39,000 Equipment is being depreciated at 25% a year using the straight line method. Motor vehicles are being depreciated at 35% using the diminishing balance method. If Jesguy pic's profit before depreciation for the year was f217,201, what is profit for the year?