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Depreciation using reducing balance

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I have a question in a text book and not sure how they worked the answer out, I seem to get the incorrect answer when doing the example, unless the text is wrong...which could be possible. Please show workings and explain.

Question relates to J blog, public accountant, for 6 months ending 31 December 2018

Trial Balance as at 31 December 2018 (extract)

Office Equipment - at cost 65 000
Accumulated Depreciation - Office equip 20 000
Motor Vehicle - at cost 68 000
Accumulated Depreciation - Mot veh 18 000

Adjustment to be made at 31 December 2018

Depreciate office equipment at 25% p.a using the reducing balance method, On 1 November 2018 office equipment with a cost of $5000 (excluding gst) was acquired.

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Solution Summary

This solution helps calculate depreciation by reducing balance.

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Dear Student,

Please find attached your solution. Formulas are in the Excel file.

Regards,

Rao Sabir Ali(CA,CIMA-UK)

Trial Balance as at 31 December 2018 (extract)

Office Equipment - at cost                                   65 000
Accumulated Depreciatioin - Office equip                                    20 ...

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