Question
Jesguy plc The following values relate to Jesguy plc as at the end of the company's financial year. You have been asked to perform
Jesguy plc The following values relate to Jesguy plc as at the end of the company's financial year. You have been asked to perform some calculations to update the depreciation figures for the year. Equipment, at cost: 250,340 Motor vehicles, at cost: 130,000 Accumulated depreciation on equipment (as at the start of the year): 100,136 Accumulated depreciation on motor vehicles )as at the start of the year): 39,000 Equipment is being depreciated at 25% a year using the straight line method. Motor vehicles are being depreciated at 35% using the diminishing balance method. If Jesguy plc's profit before depreciation for the year was 217,201, what is profit for the year?
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Financial Management for Public Health and Not for Profit Organizations
Authors: Steven A. Finkler, Thad Calabrese
4th edition
133060411, 132805669, 9780133060416, 978-0132805667
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