Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Enter the following assets Asset Group Motor Vehicle Plant & equipment Office equipment Description BMW Forklift Fax, Printer, scanner machine Id MV 2001 PE3001 OE

Enter the following assets

Asset Group Motor Vehicle Plant & equipment Office equipment

Description BMW Forklift Fax, Printer, scanner machine

Id MV 2001 PE3001 OE 4001

acquisition date 1/07/2016 1/01/2017 04/04/2018

start date 30/06/2017 30/06/2017 04/04/2018

Finish Date 30/06/2018 30/06/2018 30/06/2018

Useful Life 8 10 5

Depreciation Method Diminishing value Diminishing Value Diminishing Value

Original cost ex GST 52,000 50,000 22,500

Opening written down value 45,500 47,500 22,500

Depreciation this value $ $ $

fill in above depreciation this value amounts

Note BMW and forklift were acquired in prior period so have already been depreciated (written down)

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

Managerial Accounting

Authors: Karen BraunWendy Tietz

3rd Edition

0132890542, 978-0132890540

More Books

Students also viewed these Accounting questions

Question

Gay, lesbian, bisexual, and transgender issues in sport

Answered: 1 week ago

Question

differentiate the function ( x + 1 ) / ( x ^ 3 + x - 6 )

Answered: 1 week ago

Question

Self-confidence

Answered: 1 week ago

Question

The number of people commenting on the statement

Answered: 1 week ago