Question relates to J blog, public accountant, for 6 months ending 31 December 2018
Trial Balance as at 31 December 2018 (extract)
Office Equipment - at cost 65 000
Accumulated Depreciation - Office equip 20 000
Motor Vehicle - at cost 68 000
Accumulated Depreciation - Mot veh 18 000
Adjustment to be made at 31 December 2018
Depreciate office equipment at 25% p.a using the reducing balance method, On 1 November 2018 office equipment with a cost of $5000 (excluding gst) was acquired.