Business, 18.03.2021 02:40 jgnjanjdknsjrr9358

On 01 May 2013, Farley Caterers owned two depreciable assets consisting of a delivery van and an industrial stove. The following information was provided.
Cost Price (S)
Net Book Value ($)
Delivery van
200 000
140 000
Industrial stove
60 000
38 400
The company charges depreciation on its assets as follows:
Delivery van at the rate of 30% per annum using the straight line method
Industrial stove at the rate of 20% per annum using the reducing balance method.
i)
Calculate the depreciation charge on the delivery van for the year ended 30 April
2014 using the straight line method.

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On 01 May 2013, Farley Caterers owned two depreciable assets consisting of a delivery van and an in...

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