Tom provided the following information Non-current asset Motor vehicles Cost S 76,600 Accumulated Depreciation S 28,304...
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Tom provided the following information Non-current asset Motor vehicles Cost S 76,600 Accumulated Depreciation S 28,304 20% per annum reducing (diminishing) balance Office equipment 23,200 4,800 10% per annum straight line A full year's depreciation is charged in the year of acquisition and none in the year of disposal. Depreciation method On 1 June 2019 a motor vehicle was sold for $15,800. This was originally purchased on 1 April 2017 for $24,400. (4 marks) Calculate at 1 January 2019 the carry value of: i) Motor vehicles Office equipment Tom provided the following information Non-current asset Motor vehicles Cost S 76,600 Accumulated Depreciation S 28,304 20% per annum reducing (diminishing) balance Office equipment 23,200 4,800 10% per annum straight line A full year's depreciation is charged in the year of acquisition and none in the year of disposal. Depreciation method On 1 June 2019 a motor vehicle was sold for $15,800. This was originally purchased on 1 April 2017 for $24,400. (4 marks) Calculate at 1 January 2019 the carry value of: i) Motor vehicles Office equipment
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Introduction To Financial Accounting
ISBN: 978-0077138448
7th edition
Authors: Anne Marie Ward, Andrew Thomas
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