Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
in detail explanation please 48 mins 30.1 The plant and machinery cost account of a company is shown below. The company's policy is to charge
in detail explanation please
48 mins 30.1 The plant and machinery cost account of a company is shown below. The company's policy is to charge depreciation at 20% on the straight line basis, with proportionate depreciation in years of acquisition and disposal. PLANT AND MACHINERY - COST 20X5 $ 20X5 1 Jan Balance b/f 30 June Transfer disposal 280,000 48,000 S 14,000 1 Apr Cash 1 Sept Cash 31 Dec Balance c/f 36,000 364,000 350,000 364,000 What should be the depreciation charge for the year ended 31 December 20X5? O $67,000 $70,000 $64,200 $68,600
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/668f76dcbfd30_108668f76dc6590a.jpg)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
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](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started