Hi, Quick question.
I am working through the computerised part of the mock exam and need help. Question is relating to depreciation of assets.
Motor Vans are depreciated at 25% per year based on the reducing balance. The figures I have are Motor Vans 68,000 DR and Motor Vans Depreciation 33,184 CR, looking at the answers it should be 8,704.
Can't work out how I get to that figure.