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.
Depreciation disclosure help
Re: Depreciation disclosure help
the cost of vehicles may include assets that were fully depreciated already but still in use
Re: Depreciation disclosure help
do we know if reducing balance or straight line?