Tyrodo Limited a company involved in the manufacture of tyres purchased new equipment on the 1 January 2017 for an amoun

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answerhappygod
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Tyrodo Limited a company involved in the manufacture of tyres purchased new equipment on the 1 January 2017 for an amoun

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Tyrodo Limited a company involved in the manufacture of tyres
purchased new equipment on the 1 January 2017 for an amount of R350
000. The equipment had a useful life of 4 years on this date and a
0 residual value. The equipment had a carrying value of R175 000 on
the 31st December 2018. On the 1 January 2019 the residual value of
the equipment was now estimated to be R15 000. Prepare the
depreciation journal entry for the year
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