Question: Depreciation Journals Note: we will not be using the linked Fixed Asset subsidiary ledger in Xero for this Assessment . Motor Vehicle Depreciation Journal Useful

Depreciation Journals

Note: we will not be using the linked Fixed Asset subsidiary ledger in Xero for this Assessment

. Motor Vehicle Depreciation Journal

Useful life: 5 years

Scrap value: 2527.54

Record a manual journal:

Narration: Motor Vehicle Depreciation

Date: 2020-07-31 Auto Reversing: Leave blank Tick 'Default narration to journal line description' Untick 'Show journal on cash basis reports' Amounts are No Tax For marking purposes, please make sure your manual journal narration is: Motor Vehicle Depreciation First line: Consider which account is debited Second Line: Consider which account is credited Post Plumbing Equipment Depreciation Journal Useful life: 4 years Scrap value: 863.33 Record a manual journal: Narration: Plumbing Equipment Depreciation Date: 2020-07-31 Auto Reversing: Leave blank Tick 'Default narration to journal line description' Untick 'Show journal on cash basis reports' Amounts are No Tax For marking purposes, please make sure your manual journal narration is: Plumbing Equipment Depreciation First line: Consider which account is debited Second Line: Consider which account is credited Post Computer Equipment Useful life: 3 years Scrap value: 8.34 Record a manual journal: Narration: Computer Equipment Depreciation Date: 2020-07-31 Auto Reversing: Leave blank Tick 'Default narration to journal line description' Untick 'Show journal on cash basis reports' Amounts are No Tax For marking purposes, please make sure your manual journal narration is: Computer Equipment Depreciation First line: Consider which account is debited Second Line: Consider which account is credited Post

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