15.1.1 Two methods of calculating depreciation are:

15.1.1 Two methods of calculating depreciation are:

• Straight-line method (or Cost price method)
• Diminishing balance method (or Reducing balance method)

15.1.2
Here is the completed Fixed Assets Note:

\begin{array}{|l|r|r|r|r|} \hline B. Tangible asset & Land and & Vehicles & Equipment & Total \\ & buildings & & & \\ \hline Carrying value at the beginning & 1 279 000