Property, at cost Equipment | My Assignment Tutor

I■■ ■■■35 002 ■Question 5 Not yet answered Marked out of 2.00 Flag questionProperty, at cost Equipment, at cost Provisions for depreciation (as at 1 June 20X0) Dr 120,000 80.000 Cr – on property 20,000 – on equipment 38,000 Purchases 250,000 Sales 402,200 Inventory, as at 1 June 20X0 50.000 Discounts allowed 18.000 Discounts received 4,800 Returns out 15,000 Wages and salaries 58.800 Irrecoverable debts 4.600 Loan interest 5,100 Other operating expenses 17.700 Trade payables 36,000 Trade receivables 38.000 Cash in hand 300 Bank 1.300 Drawings 24.000 Allowance for receivables 500 17% bong term loan 30,000 Capital, as at 1 June 20X0 121.300Equipment is depreciated at 11.6% per annum using the reducing balance method and property is depreciated at 14.5% per annum on their original cost. Depreciation is treated as a cost of sales expense.What is the depreciation charge for non-current assets?

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