Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Calendar Plc have a year end of 30/09/X2. They have prepared the following information about their non-current assets: Land was revalued to 3.9 million

image text in transcribed

Calendar Plc have a year end of 30/09/X2. They have prepared the following information about their non-current assets: Land was revalued to 3.9 million on 28/09/X2 All buildings are depreciated using the straight line method over 20 years All plant and equipment is depreciated using the reducing balance method at 15% Requirement: Complete the non-current asset working below for Calendar Plc. (Round to the nearest 1,000) Cost Accumulated depreciation Net book value at 01/10/X1 Revaluation during 20x2 Land '000 Buildings Plant & equip '000 '000 2500 2200 1300 0 -520 -535 2500 1680 765 Depreciation for year ended 20X2 Net book value at 30/09/X2 (Enter the values with no sign, comma or decimal places. Use a minus sign where applicable.)

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

Step: 3

blur-text-image

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

Advanced Accounting

Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith

12th edition

133451860, 978-0133451863

More Books

Students also viewed these Accounting questions

Question

What is Altman's Z score and what does it measure?

Answered: 1 week ago

Question

Why do advocates of TQM expect to earn higher profits?

Answered: 1 week ago

Question

How are process and product variations lead indicators of quality?

Answered: 1 week ago

Question

What are the similarities and differences between TQM and ROQ?

Answered: 1 week ago