Plant and equipment -Owned (46800-12800-8500) = 25500 ok -lease (20000-5000-5000) = 10000 here I do not know were the second 5000 is coming from – could someone help me – contract (8000-2000) = 6000 ok
Leased plant CV @ acquire date on 01.04.2007:……………………………………….20,000 Accumulated depre to 31.03.2008:………………………………………..(5000) Depreciation for the y/e 31.03.2009 (from 01/04/08-31/03/2009):…..(5000) = (20,000 x 25%)