Rebecca Odin has the following details of her property, plant and equipment. She charges depreciation at 2%

Question:

Rebecca Odin has the following details of her property, plant and equipment.

image text in transcribed She charges depreciation at 2% per annum on cost for buildings, 10% per annum on cost for machinery, 25% per annum on cost for the motor car and 15% per annum on cost for the computer.

Required:

Prepare the appropriate extracts for

(a) the statement of financial position as at 31 December 2011.

(b) the income statement for year ended 31 December 2012 and for the statement of financial position as at 31 December 2012.

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Accounting

ISBN: 9781119977186

3rd Edition

Authors: Michael J. Jones

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Question Posted: May 19, 2024 02:05 AM

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Rebecca Odin has the following details of her property, plant and equipment. She charges depreciation at 2%

Question:

Cost Accumulated depreciation as at 31 December 2011 Buildings Machinery 102,000 8,000 65,000 6,500 Motor car 8,000 4,000 Computer 9,000 2,700

Step by Step Answer:

Accounting

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