Gym James Manufacturing need to produce a detailed assets resister and calculate the depreciation for Year 30/06/2019. Prepare the detailed asset resister using straight line method of depreciation for 5 years for each asset, calculate the depreciation, please note the first two assets have already been entered into the register

Purchased 1/7/2016 Brother Sewing machine model TZX for $15,000 excluding GST

Purchased 1/7/2017 Brother sewing machine model 8XKL for $8,300 excluding GST

Purchased 1/7/2017 Xerox sewing machine model KS201 for $7,950 excluding GST

Purchased 1/1/2018 Janome sewing machine model KS889 $4,600 excluding GST

Purchased 1/7/2018 Singer sewing machine model JJ909 for $6,800 excluding GST

Purchased 1/7/2018 Xerox overlocking machine model KS259 for $7,000 excluding GST

Asset register as on 30/06/2019

Assest # Purchased date Description Model Asset Cost Depreciation for year Accumulated depreciation Written down

value

MO1 1/7/2016 Brother Sewing Machine TZX 15,000 3,000 9,000 6,000

MO2 1/7/2017 Brother Sewing machine XKL 8,300 1,660 3,320 4,980