Office furniture and fittings $4158 ($3780 + $378 GST) and motor vehicle $34 716 ($31 560 +
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Office furniture and fittings $4158 ($3780 + $378 GST) and motor vehicle $34 716 ($31 560 + $3156 GST) were both purchased on credit on 1 July 2021 and depreciated using the straight line method. Office furniture is to be depreciated at 15% p.a. with no residual value. Motor vehicle is depreciated at 20% p.a. with a residual value of $3300 ($3000 + $300 GST). Prepare:
a the straight line depreciation worksheets to 30 June 2023 b the balance day depreciation journal for 30 June 2022 and 2023.
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Related Book For
Accounting An Introduction To Principles And Practice
ISBN: 9780170403832
9th Edition
Authors: Edward A. Clarke, Michael Wilson
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