9.3 Star travel depreciates office equipment at the rate of 20% per annum using the straight line desreciation method ba

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9.3 Star travel depreciates office equipment at the rate of 20% per annum using the straight line
desreciation method based on assets in existence at the vear-end which Is 31 December. Ine following
is extracted trm or nancia, osition as at 31
Accumulated
Net Book
Cost
Depreciation
Value
Office
Equipment
100,000.00 50,000.00
50,000.00
During the following year the company purchased two new items of office equipment costing $25,00C
and $35,000.
You are required to show the asset and accumulated depreciation accounts for the year as well as
extracts from the income statement and statement or financial position.