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Plant is depreciated at 20% per annum using the reducing balance method and br cost.Depreciation is treated as a cost of sales expense. The year
Plant is depreciated at 20% per annum using the reducing balance method and br cost.Depreciation is treated as a cost of sales expense. The year end journal for buildings and plant depreciation is given below: Prepare the journal entry using the correct option from each row Administrative expenses Cost of sales Buildings cost Plant cost Buildings accumulated depreciation Plant accumulated depreciation Calculate the depreciation charge for the below for the year ended 30 September Buildings $ Plant '000 DEBIT/CREDIT/ No Debit DEBIT/ CREDIT/ No Deb DEBIT/CREDIT/ No Deb DEBIT/CREDIT/ No Del DEBIT/CREDIT/ No Debit c DEBIT/ CREDIT/ No Debit c '000
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