- Subject Accounting And Costing Hello Good Day To You Kindly Show The Detailed Workings With Formulae It Can Be Show 1 (48.68 KiB) Viewed 40 times
SUBJECT: Accounting and Costing .Hello, good day to you. Kindly show the detailed workings with formulae, it can be show
-
answerhappygod
- Site Admin
- Posts: 899603
- Joined: Mon Aug 02, 2021 8:13 am
SUBJECT: Accounting and Costing .Hello, good day to you. Kindly show the detailed workings with formulae, it can be show
SUBJECT: Accounting and Costing .Hello, good day to you. Kindlyshow the detailed workings with formulae, it can be showing theanswer in excel. Thank you in advance!!
Question 1 Allcan Trading has the following non-current assets at 31 December 2021. Purchase Date 1 September 2020 Assets Office equipment Office equipment Cost (RM) 240,000 360,000 30 April 2021 Depreciation (per annum) Reducing balance 10% Reducing balance 10% On 1 June 2021, the equipment which was purchased in the year 2020 was traded-in with a new equipment costs RM180,000. Assuming financial year ends at 31 December and the computation of depreciation is based on monthly basis. Required: Prepare the following accounts of the office equipment: a) Office equipment account. b) Depreciation account. c) Accumulated depreciation account. d) Disposal account. (2 marks) (2 marks) (6 marks) (5 marks)
Question 1 Allcan Trading has the following non-current assets at 31 December 2021. Purchase Date 1 September 2020 Assets Office equipment Office equipment Cost (RM) 240,000 360,000 30 April 2021 Depreciation (per annum) Reducing balance 10% Reducing balance 10% On 1 June 2021, the equipment which was purchased in the year 2020 was traded-in with a new equipment costs RM180,000. Assuming financial year ends at 31 December and the computation of depreciation is based on monthly basis. Required: Prepare the following accounts of the office equipment: a) Office equipment account. b) Depreciation account. c) Accumulated depreciation account. d) Disposal account. (2 marks) (2 marks) (6 marks) (5 marks)