Accounting Help ( Depreciation)?
Buildings (cost) 200 000
Plant and Machinery (cost) 60 000
Motor Vehicles (cost) 68 000
Provision for depreciation of buildings 32000
Provision for depreciation of plant and machinery 34000
Provision for depreciation of motor vehicles 15000
(b) Provide for depreciation as follows:
Buildings, 2% of book value
Plant and machinery, 10% of cost Motor Vehicles, 20% of cost