Question

Zara depreciates all her business equipments using the written-down-value method at 40% per annum. She acquired a piece of equipment costing $5,000 on 1st April 2020 and another piece of equipment costing $4,000 on 1st January 2021. Depreciation was to be calculated from the date of purchase till the year ending date for all new assets acquired during the year.
Make entries in her ledger for the year ended 30th June 2020, 2021, and 2022.

Answer 1

Answer:

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