Jesguy plc The following values relate to Jesguy plc as at the end of the company's...

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Jesguy plc The following values relate to Jesguy plc as at the end of the company's financial year. You have been asked to perform some calculations to update the depreciation figures for the year. Equipment, at cost: £250,340 Motor vehicles, at cost: £130,000 Accumulated depreciation on equipment (as at the start of the year): £100,136 Accumulated depreciation on motor vehicles )as at the start of the year): £39,000 Equipment is being depreciated at 25% a year using the straight line method. Motor vehicles are being depreciated at 35% using the diminishing balance method. If Jesguy plc's profit before depreciation for the year was £217,201, what is profit for the year? Jesguy plc The following values relate to Jesguy plc as at the end of the company's financial year. You have been asked to perform some calculations to update the depreciation figures for the year. Equipment, at cost: £250,340 Motor vehicles, at cost: £130,000 Accumulated depreciation on equipment (as at the start of the year): £100,136 Accumulated depreciation on motor vehicles )as at the start of the year): £39,000 Equipment is being depreciated at 25% a year using the straight line method. Motor vehicles are being depreciated at 35% using the diminishing balance method. If Jesguy plc's profit before depreciation for the year was £217,201, what is profit for the year?

Answer rating: 100% (QA)

Step 14 We must first determine the depreciation for the year in order t... View the full answer