On 11 March 2022 William Dumbrell ordered office desks, chairs and filing cabinets for the refurbished office
Question:
On 11 March 2022 William Dumbrell ordered office desks, chairs and filing cabinets for the refurbished office area of the business from Stylish Office Designs costing $16 500 ($15 000 + $1500 GST). Repainting of the office area was correctly allocated to office repairs and maintenance.
The order was delivered and paid for on 1 May 2022. Asset numbers allocated were 23 to 34. The tax invoice was allocated to office furniture and equipment, account 157 in the chart of accounts. Depreciation is straight line over 10 years with no residual value.
Enter the information on the asset register record. Calculate and enter all depreciation values for the years ended 30 June 2022 to 2024 in the relevant columns.
Step by Step Answer:
Accounting An Introduction To Principles And Practice
ISBN: 9780170403832
9th Edition
Authors: Edward A. Clarke, Michael Wilson