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1. On January 1 year 3. While Company Trought a building for R500,000. The building an estimated weful life of 25 years with residual value.

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1. On January 1 year 3. While Company Trought a building for R500,000. The building an estimated weful life of 25 years with residual value. White is the straight line method to depreciate its building On December 31 year the recoverable amount of the building Be 410,000 and on December 31, year 6 the recoverable amount of the building is #40,00 Required: Calculate the amount to be recorded as inpuitment loss and show the necewaryl entries on December 31. year 4 b) Record the loss revenat (there is any ) December 31, year 6 2. The cash ledger account of Real Company shows a debit balance of Br 10.392.66 on Dec. 31 year 5. The bank statement indicates a balance to deposit of He 12.200.02 on Dec. 31. Receipts of Dec. 31 in the amount of t 1.144.60 were left in the bank's night depository De hut were included in the bank statement. The December bank statement included dett memo of Br 13.50 for service charges for December. Acredit memo included with a unk statement indicated tereenivable in the amount of Br 2000 let with the bank for collection. The stead been collected and credited to the Real Company's account for Ir 2030 including interest revenue of Br 30. Comparison of the pand checks with the check stute indicated that checko. 21 for tt 46390 on Dec 15 for acquisition of office equipment to be entered crroneously in the cash payment url B 436.90, in addition, the following checks issued in Dec Year 5 hat not been puid by the bank Check 11 Ir 42136 Check 14 93.00 Check 250.00 Check UX32 116.50 Finally, an examination of the accounting as indicated that the bank had collected Br 10.000 for Real Company on Dec 31 year representing the maturity value of a government treasury bill, but the bank did not credit Real's account until January 2 year. The premontrary Wil had been acquired by the bank for Real at discount of B 9.653 and had been runded at cost in short term investment ledger account by real Company NSF checks of the customer XYZ Company charged by the hunk which ar 50 Prepare un conciliation for the wethof December 31 b) Prepare jumal entries required by the recinciliation c) Prepure proof of conhconsidering the following additional informatice Bank statement fue December Indicated that the wel deponit of cash during December were Br 34.38142 Total checko paid including bank service churge of lr 13.50 mounted to Be 19.299.66 on December your Balance as of a year lank statement is Br947.36: Deposit in tramitas of Nov 30 years were 105.52 Br Outstanding checks on Nov 30 years were 68142 The following information is provided for ABC Co Cost Retail 2000 500,000 600,000 MO Beginning inventory Punch Panchandic Sales TOD SOLO collection. The mot had been collected and credited to the Real Company's count for Br 2.030 including interest revenue of the 30. Comparison of the pand checks with the check what indicated that checko. 21 folie 4330 Dec 13 fequition of office equipment had been mod cously in the cash payment als H 436901 in addition, the following checks and in the Year Shalho paid by the hank Check Br 42195 Check 14 Check 22 250.00 116.50 Finally, an cumination of the counting record indicated that the hun had collected Br 10,000 for Real Company on Dec 31 year representing the maturity value of a porement treasury bill, but the tank did not credit Real's account until January 2 year. The y led by the land for Redstof Br9653 and had been receded cost in het term investment ledger account by rcal Computy NSF checks of the customer XYZ Company charged by the hunk which was to ir 50 - Preparehonkreciation for the math December 31 Prepare your entire required by the me Prepare proof of cash considering the following additional information Bank Statement for December Indicated that the total deposit of cash during December were Br 34.58142 Total checks puid including bank service charge of 1350 med 19.290.66 Demer 31 year Balance as of Nov 30 year Shankment is He 647.26. Deposit in transit as of Nov 30 years were 185.52 De Outstanding checks on Nov 30 years were 681.22 3. The following information is provided for ABC Co Retail Casil 200.000 Beginning inventory Purchase DOO 10.00 850,000 30.000 18.000 Sales Sales Map Markup cancel Markdown Marka cancellation 1.000 8.000 Required: Compute the cost of ending inventorying al Retail FIF Retail LCNRV d Retail Average

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