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Assume yourself as a procurement manager of Maxwell Inc. You are responsible to buy Assets for the company. You can take any hypothetical figure (Amount)
Assume yourself as a procurement manager of Maxwell Inc. You are responsible to buy Assets for the company. You can take any hypothetical figure (Amount) to purchase these Assets keeping in mind the following guidelines.
1. The Assets should be from at least 2 categories
Category 1- Plant Machinery & Equipment
Category 2- Intangible Assets (Goodwill, Patents, Copyrights etc.)
Category 3- Natural Resources (Oil well, Coal mine etc.)
2. You are required to record the purchase entry.
3. You are also required to record the depreciation of the purchased assets on 2 different methods for 2 categories of assets for at least two years
4. You also must record the disposal of these assets.
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