Depreciation
1. This question has 2 part(s).
1.1. Nyat provided the following information at 1 January 2019
Account | $ |
|---|---|
Motor vehicles at cost | 48 000 |
Motor vehicles provision for depreciation | 16 000 |
On 30 September 2019 Nyat sold a motor vehicle for $13 250 and received a cheque in full settlement. This motor vehicle had been purchased on 1 July 2018 for $16 400
Nyat’s policy is to depreciate motor vehicles at 25% per annum using the reducing balance method. A full year’s depreciation is charged in the year of purchase but none in the year of sale.
Prepare the provision for depreciation – motor vehicles account for the year ended 31 December 2019 showing the transfer to the income statement. Balance the account at this date and bring the balance down at 1 January 2020.
Provision for Depreciation – Motor Vehicles Account
Date | Details | $ | Date | Details | $ |
|---|---|---|---|---|---|
1.2. Prepare the disposal account showing the transfer to the income statement.
Date | Details | $ | Date | Details | $ |
|---|---|---|---|---|---|
Ai এর মাধ্যমে
১০ লক্ষ+ প্রশ্ন ডাটাবেজ
প্র্যাকটিস এর মাধ্যমে নিজেকে তৈরি করে ফেলো
উত্তর দিবে তোমার বই থেকে ও তোমার মত করে।
সারা দেশের শিক্ষার্থীদের মধ্যে নিজের অবস্থান যাচাই
No related questions found
