[Nungu]

John Moffat wrote:Their year end is 31 January, so there will be depreciation charged for y/e 31 Jan 2008; 31 Jan 2009; 31 Jan 2010; 31 Jan 2011; and 31 Jan 2012.
The year of sale was y/e 31 Jan 2013 and there is no depreciation charged for that year.

Can you give solution of this?

[Nungu]

John Moffat wrote:A company has a year end of 31 January each year.
They purchased a car for $12,000 on 1 January 2008 and sold it for $5,000 on 31 March 2012.<br>Their depreciation policy is to charge 20% reducing balance, with a full years charge in the year of purchase and none in the year of sale.</blocs
Solution?

[Author]

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