Suma ti. has opened a new branch in Ankara. For administration purposes, the company moved into a
Question:
Suma Şti. has opened a new branch in Ankara. For administration purposes, the company moved into a new building worth EUR 5,000,000.
The company chose the linear method of depreciation calculation.
The useful life of buildings in Turkey is 50 years.
Your tasks:
1. Form the booking record for the purchase of the building (VAT is not to be taken into account. Make only the booking in the land register, so no T-account).
2. Only calculate the depreciation expense for one year
Form the posting record for the depreciation expense (you not only have to write down the amount of the depreciation expense, but you also have to show your calculation of the depreciation. Only figures without calculation are not to be considered by the lecturer).
Business Statistics
ISBN: 978-0321925831
3rd edition
Authors: Norean Sharpe, Richard Veaux, Paul Velleman