Assumed that you have been appointed as Fixed Asett Manager in Full Speed Limited. your role is to maintain all the Fixed Assets Ledger balances and account for the depreciation on them. The management of the company asked you an updated ledger balances for its Vehicle Account, Accumulated depreciation on vehicles and gain/(loss) on sale vehicles. Upon scrunity of the financial statements of Full Speed Limited for the year ended 30 June 2017 you found the following details: Description: GBP Vehicle-at Cost: 652013 Less: Accumulated depreciation: (244505) WDV of vehicles: 407508

Full Speed Limited provides depreciation on vehicles @ 15% per annum on written down values. Depreciation on addition/ deletion is provided to the period of use. Other related information is as follows: 1) On 1 August 2017, a vehicle which was acquired at cost of 8500 on 1 July 2015 was exchanged for a new vehicle. The balance was settled with a cheque for 3500. The list of new vehicle was 9000. 2) Three new vehicles were purchased on 1 December 2017 for 12500 each. 3) On February 2018, a vehicle having written down value of 5500 was repaired at a cost of 250000. It is expected that the repairs would improve the efficiency of the vehicle significantly. 4) On 30 June 2018, a vehicle purchased on 1 January 2016 at cost of 15000 was sold for 13500.

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A B C D F G H K L M N O Full Speed Limited Assume that you have been appointed as a Fixed Asset Manager in Full Speed Limited. Your role is to maintain all the Fixed Assets Ledger balances and account for the depreciation on them. The mangement of the company asked you an updated ledger balances for its Vehicle Account, Accumulated depreciation on vehicles and gain (loss) on sale vehicles. Upon scrunity of the financial statements of Full Speed Limited for the year ended 30 June 2017 you found the following details: Description Vehicles at Cost Less: Accumulated depreciation WDV of vehicles GBP 652,013 (244,505) 407 508 N Full Speed Limited provides depreciation on vehicles @ 15% per annum on written down values. Depreciation on addition, deletion is provided in proprtion to the period of use. Other related information is as follows: 12:40 FullSpeed-Asset Management o Mo a Woof vehicles 13 Full Speed Limited provides depreciation on validesin panna when down values. Depreciation and deletion is provided is proprio 16 Other related information is as follows 10 wi l l be which was virdul a cost of only is was wherged for a new vehicle Thebe 21 Three new vehicles were purchased on December for 1. coch olehr e having written down value was repaired at a cesto 2 On June la valide purchased ondervary at a cost of was sold for 1. File Home insert Page Layout Formulas Data Review View Help O PROTECTED VIEW Be careful hiles from the internet can containes Unless you need to edit, it's safer to stay in Polected View Enable Editing B17 - G H 8 Assume that you have been appointed as a Fixed Asset Manager in Full Speed Limited. Your role is to maintain all the Foxed Assets Ledger balances and account 4 for the depreciation on them. The mangement of the company asked you an updated ledger balances for Vehicle Account, Accumulated depreciation on 5 vehicles and gain / (loss) on sale vehicles. Upon scrunity of the financial statements of Full Speed Limited for the year ended 30 June 2017 you found the 6 following details Description Vehicles - at Cost Less Accumulated depreciation WDV of vehicles GBP EU 6 52,013 (244 505) 407.508 13 Full Speed Limited provides depreciation on vehicles @ 15% per annum on written down values. Depreciation on addition I deletion is provided in proprtion to the 14 penodof use. 16 Other related information is as follows: 17 18 i On 1 August 2017, a vehicle which was aquired at a cost of 8.500 on 1 July 2015 was exchanged for a new vehicle. The balance was settled with a cheque for 3,500. The list price of the new vehicle was 9.000 19 21 Three new vehicles were purchased on 1 December 2017 for 12.500 each is expected that the repairs would improve the On February 2018, a vehicle having written down value of 5,500 was repaired at a cost of 250,000 efficiency of the vehicle significantly 23 24 25 26 i 27 On 30 June 2018, a vehicle purchased on 1 January 2016 at a cost of $15.000 was sold for 13,500 Sheet1 Brady Address Type here to search e m S Addrey