Question

Land& building=60,000
Motor vehicle=5,000
Depreciation has to be write off
Land& building at 20% per annum
Motor vehicle at 20% per annum

Answer 1

Explanation:

Depreciation for land and building

20%÷100 × 60 000

= 12 000 for a year

= 12 000 ÷ 12

= 1000 for 1 month

Depreciation for motor vehicle

20% ÷ 100 × 5000

= 1000 for 1 year

Hope it helps you