On 31 March 2022, the financial year end of SA Attorneys, the depreciation on computer equipment amounted to R15 000. The depreciation will be entered in the .... as book of first entry.Select one:a.General journalb.Trust cash payments journalc.Business cash payments journald.Transfer journal

Depreciation of the business is recorded in which of the following financial statement

The journal entry to record depreciation expense on an equipment - we debit the depreciation expense. True False

a computer purchased on 1st October 2022 440000 debited to office expenses account is to be brought into account on 31st March 2024 charging depreciation at 10% per annum returned on value basis pass journal entry

On 1 January 20.1 SA Traders purchased computer equipment for R60 000. The financial year-end of SA Traders is 31 December.Calculate the accumulated depreciation for 20.3 by using the reducing-balance method at 10% per annum.Instructions for numeric response:1. Use a full stop to indicate any decimals (eg: 1000.01)2. Round off to the second decimal after the full stop (eg: 50.56)3. Only show the amount, do not show the "R" (eg: 1000.01)Answer:

Depreciation of R25 000 for equipment for the year ended February 2022 will be recorded as follows:Select one:a.Debit equipment; Credit depreciationb.Debit accumulated depreciation; Credit depreciationc.Debit depreciation; Credit equipmentd.Debit depreciation; Credit accumulated depreciation