Homework Answers
| 3 | Depreciation on motor van =$80,000*20% =$16,000 | |||
| Depreciation on new tyres of motor van =$2,000*20% =$400 | ||||
| Depreciation on trailer attached motor van =$10,000*20% =$2,000 | ||||
| Total Depreciation charged for Year 2 =$18,400 | ||||
| So Option D is answer | ||||
| 4 | Purchase Returns and Discount received are recorded in the Debit side of Purchase ledger | |||
| So Option B(1 and 4) is answer | ||||
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