Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Answer all please Problem No. 02 (Basic Excel/Google Sheet) The following items are taken from the fixed assets listing in James books of accounts. He

Answer all please image text in transcribed
image text in transcribed
image text in transcribed
Problem No. 02 (Basic Excel/Google Sheet) The following items are taken from the fixed assets listing in James books of accounts. He is having trouble with depreciating all his assets. He is using the straight line method for depreciation, but is unable to identify how much should be his recorded depreciation. \begin{tabular}{|l|l|l|l|l|} \hline Computer & & & & \\ \hline 16 Sofa Sets & Php 15,000 each & January 2021 & 10 years & Php 2,000 \\ \hline 100 Tables & Php 15,300 leach & April 2021 & 15 years & Php 0.00 \\ \hline 10 Lenovo Laptops & Php 38,920 each & March 2021 & 6 years & Php 0.00 \\ \hline Building A & Php 26,220,390 & March 2021 & 56 years & Php 0.00 \\ \hline Building B & Php 39,500,200 & June 2021 & 58 years & Php 0.00 \\ \hline 14 Hi Ace Van & Php 3,250,000.00 & January 2021 & 15 years & Php 0.00 \\ \hline 1200 Filing Cabinets & Php 15,200 each & July 2021 & 35 years & Php 1,000 \\ \hline \end{tabular} How Much is the Depreciation to be Recorded for the following months

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

Information Audit For The Management Process Empresa Nacional De Productos Agropecuarios ENPA Of Villa Clara

Authors: Alejandra María Osorio Capote, Manuel Osvaldo Machado Rivero, Dianelys Martínez Paz

1st Edition

6203767883, 978-6203767889

More Books

Students also viewed these Accounting questions

Question

Define Management by exception

Answered: 1 week ago

Question

Explain the importance of staffing in business organisations

Answered: 1 week ago

Question

What are the types of forms of communication ?

Answered: 1 week ago

Question

Explain the process of MBO

Answered: 1 week ago

Question

11. Are your speaking notes helpful and effective?

Answered: 1 week ago

Question

The Goals of Informative Speaking Topics for Informative

Answered: 1 week ago