Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need help to calculate, please show the calculations too not just the answer: 1, the accumulated depreciation of the asset on the date of

image text in transcribedI need help to calculate, please show the calculations too not just the answer:
1, the accumulated depreciation of the asset on the date of damage
2,net value of the asset on the date of the damage
3, value of the damage (imperiment loss)
2. 0/10 pont Regarding one of the fixed assets of an entity you have the following information: The initial cost of the asset is 20,000 th HUF The date of commission is 1st December 2x10, Useful life is 5 years Residual value 2,000 th HUF. On 1st of March 2x12. the machine was damaged and its net value decreased with 40%. The machine was renewed by the company. The cost of renovation was 7,000 th HUF The calculation of the depreciation is made with the linear (straight line) method. Answer the questions! Enter a value without spaces and other punctuation. For example: 1234567

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions