Question
On 1 January 20X0, Ah Huat Bakery Ltd installed an oven and fixtures for the new bakery at a cost of $28,000 and $43,200 respectively.
On 1 January 20X0, Ah Huat Bakery Ltd installed an oven and fixtures for the new bakery at a cost of $28,000 and $43,200 respectively. The following information shows the depreciation for the oven and fixtures for year 20X0 and 20X1.
(a) Demonstrate your knowledge on depreciation accounting by determining the depreciation expense and Net Book Value (NBV) of the two (2) assets for the year 20X2 and 20X3.
(b) Distinguish between the two (2) depreciation methods used by Ah Huat Bakery Ltd.
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On 1 January 20X0, Ah Huat Bakery Ltd installed an oven and fixtures for the new bakery at a cost of $28,000 and $43,200 respectively. The following information shows the depreciation for the oven and fixtures for year 20X0 and 20X1. (a) Demonstrate your knowledge on depreciation accounting by determining the depreciation expense and Net Book Value (NBV) of the two (2) assets for the year 20X2 and 20X3. (b) Distinguish between the two (2) depreciation methods used by Ah Huat Bakery Ltd. Download Attachments
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Ethical Obligations and Decision Making in Accounting Text and Cases
Authors: Steven Mintz, Roselyn Morris
4th edition
978-1259730191
