A property was purchased on 1 April 2010 for P160,000. Depreciation policy is to depreciate properties...
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A property was purchased on 1 April 2010 for P160,000. Depreciation policy is to depreciate properties over a period of 40 years. On 1 April 2012 the propertywas revalued to P200,000. Calculate the depreciation charge for the year ended 31 March 2013? A machine was purchased on 1 January 2010 for P80,000 and was depreciatedover a period of ten years using the straight-line method. On 1 January 2012 itwas decided that the machine had a total useful life of just seven years. Calculate the depreciation charge for the year ending31 December 2012? A property was purchased on 1 April 2010 for P160,000. Depreciation policy is to depreciate properties over a period of 40 years. On 1 April 2012 the propertywas revalued to P200,000. Calculate the depreciation charge for the year ended 31 March 2013? A machine was purchased on 1 January 2010 for P80,000 and was depreciatedover a period of ten years using the straight-line method. On 1 January 2012 itwas decided that the machine had a total useful life of just seven years. Calculate the depreciation charge for the year ending31 December 2012?
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Answer rating: 100% (QA)
SOLUTION The depreciation charge for the year ended 31 March 2013 can be calculated as follows Depre... View the full answer
Related Book For
Accounting
ISBN: 978-1118608227
9th edition
Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett
Posted Date:
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