Question
hello i need your help in this question about fixed assets data Reduced cost Accumulated depreciation cost Date of purchase and operation section (1) 136,000
hello i need your help in this question about fixed assets
data | Reduced cost | Accumulated depreciation | cost | Date of purchase and operation | section |
(1) | 136,000 | 64,000 | ? | 1/1/17 | equipment |
(2) | ? | ? | 100,000 | 1/7/18 | Machines |
(3),(4) | 285,000 | ? | ? | 1/4/18 | Vehicles |
|
Company Ltd. (hereinafter - the Company) was established on 1/1/17
The following are the balances of the Company's fixed assets as of31/12/18:
data:
1. The equipment is reduced by the straight-line method. The value of the equipment is estimated by the company's management at 40000$
2. The machines are reduced by the method of The sum of the years' digits depreciation , over 6 years. According to management, the company will not succeed
Sell the machines after they are no longer used. Due to the production workers' strike on November 19, the company stopped
Use machines this month only.
3. The vehicles are reduced by the straight-line method, over 4 years. The value of the vehicle is estimated by the company's management at $25,000 of
4.On January1/1/20, the vehicles were sold $250000 which were received in cash.
Required:
A. Complete the table data.
B. View journal orders for the depreciation of the Company's fixed assets for 2019.
third. View journal orders for the sale of fixed assets on 1/1/20.
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