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5 Information about a company's fixtures and fittings at 30 September in two successive years is as follows: 20X1 20X0 Cost 143,201 76,613 126,587 64,293
5 Information about a company's fixtures and fittings at 30 September in two successive years is as follows: 20X1 20X0 Cost 143,201 76,613 126,587 64,293 Accumulated depreciation (a) If the company did not sell any fixtures and fittings during the year ended 30 September 20X1: (i) What is the depreciation expense for the year? (ii) What cash did the company spend on fixtures and fittings during the year? (b) During the year ended 30 September 20X1 the company sold some shelving for 3,500. This shelving had originally cost 24,500 and at the time of sale had accumulated depreciation of 14,700. (i) What is the depreciation expense for the year? (ii) What cash did the company spend on fixtures and fittings during the year? (iii) What is the profit or loss on the sale of the shelving
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