Question: Please help Sign in to edit and save changes to this file. fx B C D M 1 2 3 PROPERTY. PLANT AND EQUIPMENT 4

 Please help Sign in to edit and save changes to this

Please help

Sign in to edit and save changes to this file. fx B C D M 1 2 3 PROPERTY. PLANT AND EQUIPMENT 4 The plant and machinery account for HKT construction company for the year ended 30 June 2019 us as follows: 5 6 7 8 Plant and Machinery Account 9 2018 E 2019 f 1 July 10 11 Balance 9,600 31 March 800 Transfer to disposal account 12 13 2,000 30 June Balance 10,800 31 Dec Bank: Purchase of machines 11,600 11.600 14 15 16 17 18 19 20 21 22 The company's policy is to charge depreciation on plant and machinery at 25% each year on the straight-line basis, with proportionate charges in the year of acquisition and the year of disposal. None of the assets held at 1 July 2018 was more than three years old. Now you have to calculate the charge of depreciation for the year ended 30 June 2019 24 25 26 27 28 29 30 31 32 13 O=o

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!