Depreciation disclosure help
Posted: 01 Sep 2021, 19:00
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.
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.