ACCOUNT DEBIT ($) CREDIT ($) Buildings at cost 94,000 Plant and Equipment at cost 34,000 Provision...

 

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ACCOUNT DEBIT ($) CREDIT ($) Buildings at cost 94,000 Plant and Equipment at cost 34,000 Provision for depreciation: Plant and Equipment 6,000 Buildings 1,000 You are given the following additional information: (i) Buildings is depreciated at 8% per annum using straight line method (ii) Plant and Equipment is to be depreciated at 10% per annum using written down value method. The amount of depreciation expense on Buildings in the Income Statement for the year ended 30th September, 2019 is: ACCOUNT DEBIT ($) CREDIT ($) Buildings at cost 94,000 Plant and Equipment at cost 34,000 Provision for depreciation: Plant and Equipment 6,000 Buildings 1,000 You are given the following additional information: (i) Buildings is depreciated at 8% per annum using straight line method (ii) Plant and Equipment is to be depreciated at 10% per annum using written down value method. The amount of depreciation expense on Buildings in the Income Statement for the year ended 30th September, 2019 is:

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