Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

/ A was 1st propery On purchase 2000000 Jauaury 2010, for 2 million estimated dep amount I million dollars useful life so 50 years

image text in transcribed

/ A was 1st propery On purchase 2000000 Jauaury 2010, for 2 million estimated dep amount I million dollars useful life so 50 years Annual depreciation of 20, Thousand dollars charged was 2014. And The carrying was property on 1st Jauary from 2010 to 2015 E value of property revalued to 2.8 1.9 million dollars. The was million dollars, on 1st Jan The estimated depreciable 2015. amount on revalued amount 1-35 million dollars, and estimate The useful life is unchanged. Show the treatment of revaluation surplus and compute the revised annual depreciation charge. Date TWT EMKO

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: John Wild, Ken Shaw

5th edition

978-1259176494, 1259176495, 978-1259347641, 1259347648, 978-0078025600

More Books

Students also viewed these Accounting questions

Question

Explain the process of Human Resource Planning.

Answered: 1 week ago

Question

identify environmental costing issues LO1

Answered: 1 week ago

Question

explain Kaizen costing LO1

Answered: 1 week ago