Question
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 4.2 million
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 4.2 million on 28/09/X2 All buildings are depreciated using the straight line method over 25 years All plant and equipment is depreciated using the reducing balance method at 18% 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 Buildings Plant & equip '000 '000 '000 2700 2400 1500 0 -535 -550 2700 1865 950 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.)
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Accounting Information Systems
Authors: Marshall B. Romney, Paul J. Steinbart
13th edition
133428532, 978-0133428537
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