Depreciation disclosure help

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gayomarlic
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Joined: 01 Sep 2021, 18:54

Depreciation disclosure help

Post by gayomarlic »

Not from accounting background but i need a bit help here.
In the attached image, the depreciation charged amount for motor vehicle for the year 2020 shouldnt be higher than the given figure, since there have been no additions or disposition of the asset and the rate is given 20%.
If i use 20% rate the calculated depreciation expense is 178229. Am i missing something here.
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Marek Muc
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Re: Depreciation disclosure help

Post by Marek Muc »

the cost of vehicles may include assets that were fully depreciated already but still in use
JRSB
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Joined: 01 Mar 2020, 01:10
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Re: Depreciation disclosure help

Post by JRSB »

do we know if reducing balance or straight line?
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