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please have the diminishing balance method pro-rata in the first year GST RATE IS 10% 17. The following information relates to a machine purchased on
please have the diminishing balance method pro-rata in the first year
GST RATE IS 10%
17. The following information relates to a machine purchased on 31 August 2015 by Snoopy Manufacturina Co. to produce dog bowls. ts Prepare depreciation worksheets for the years ended 30 June 2016, 2017 and 2018 for the machine using: (a) Straight line depreciation method. (b) Units of production method. (c) Diminishing balance method at a rate of 27.5% per annum. (a) \begin{tabular}{|l|l|l|l|l|} \hline YearEnd30June & Cost & Depreciation & AccumulatedDepreciation & CarryingAmountatendofyear \\ \hline & & & & \\ \hline & & & \\ \hline \end{tabular} (b) \begin{tabular}{|l|l|l|l|l|} \hline YearEnd30June & Production & Depreciation & AccumulatedDepreciation & CarryingAmountatendofyear \\ \hline & & & & \\ \hline & & & & \\ \hline \end{tabular} (c) \begin{tabular}{|l|l|l|l|l|} \hline YearEnd30June & CarryingAmountatStart & Depreciation & AccumulatedDepreciation & CarryingAmountatendofyear \\ \hline & & & & \\ \hline & & & & \\ \hline \end{tabular} 17. The following information relates to a machine purchased on 31 August 2015 by Snoopy Manufacturina Co. to produce dog bowls. ts Prepare depreciation worksheets for the years ended 30 June 2016, 2017 and 2018 for the machine using: (a) Straight line depreciation method. (b) Units of production method. (c) Diminishing balance method at a rate of 27.5% per annum. (a) \begin{tabular}{|l|l|l|l|l|} \hline YearEnd30June & Cost & Depreciation & AccumulatedDepreciation & CarryingAmountatendofyear \\ \hline & & & & \\ \hline & & & \\ \hline \end{tabular} (b) \begin{tabular}{|l|l|l|l|l|} \hline YearEnd30June & Production & Depreciation & AccumulatedDepreciation & CarryingAmountatendofyear \\ \hline & & & & \\ \hline & & & & \\ \hline \end{tabular} (c) \begin{tabular}{|l|l|l|l|l|} \hline YearEnd30June & CarryingAmountatStart & Depreciation & AccumulatedDepreciation & CarryingAmountatendofyear \\ \hline & & & & \\ \hline & & & & \\ \hline \end{tabular}Step by Step Solution
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