Calculation the depreciation of the motor vehicle, office furniture, and computer: office furniture and computer using straight line method, motor vehicle using reducing balance method. Post it into an adjusted trial balance.

Opening balance:

Motor vehicle: $23,961.00

Accumulated depreciation motor vehicle: $2,799.00 

Office furniture: $10,693.00

Accumulated depreciation office furniture: $1,772.00 

Transaction:

26 July Purchased computer on credit $2,426.00

Additional information:

Depreciation rate for the motor vehicle is 20%

Residual value of the motor vehicle: $2,012.00

Depreciation rate for the office furniture is 20%

Residual value of the office furniture: $580.00

Regardless of purchase date, company policy is to depreciate new assets for 15 days in the month of purchase. Depreciation rate for the computer is 35%

No residual value is expected for computers.