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14-The depreciation adjustment for Earnst and young company is a. None of the options are right b. RO 600 c. RO 650 d. RO 750
14-The depreciation adjustment for Earnst and young company is
a. None of the options are right
b. RO 600
c. RO 650
d. RO 750
15-The total depreciation adjustment for Earnst and Young company is
a. RO 2200
b. RO 5500
c. RO 3000
d. All the options are incorrect
16-The value of Monetary working capital adjustment is
a. RO 10,500
b. RO 20000
c. None of the options are right
d. RO 15000
Earnst and Young company purchased a machine on 1st January 2015 for RO 20,000 and the rate of th 15%.p.a under straight-line method. Replacement cost of the machine on 31st December 2017 was RC December 2018 was RO 25,000. The value of trade receivables at the beginning amounted to RO 100,000 and the value of trade recei amounted to RO 115,000 and the value of trade payables at the beginning amounted to RO 50,000 ar payables at the end amounted to RO 60,000. You are required to calculate the total depreciation adjus index at the beginning is 100, closing index is 132 and the average index is 120 Earnst and Young company purchased a machine on 1st January 2015 for RO 20,000 and the rate of th 15%.p.a under straight-line method. Replacement cost of the machine on 31st December 2017 was RC December 2018 was RO 25,000. The value of trade receivables at the beginning amounted to RO 100,000 and the value of trade recei amounted to RO 115,000 and the value of trade payables at the beginning amounted to RO 50,000 ar payables at the end amounted to RO 60,000. You are required to calculate the total depreciation adjus index at the beginning is 100, closing index is 132 and the average index is 120Step by Step Solution
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