Accounting 0452 · IGCSE · Accounting for depreciation and disposal of non-current assets

Accounting for depreciation and disposal of non-current assets — practice question

On 1 January 2018, Elzevir bought a motor vehicle for $8000. Depreciation is charged at $40\% using the reducing balance basis. Which journal entry would record the depreciation for the year ended 31 December 2019?

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