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Question 2 Following are the details of the fixed asset of Ps Ghana Limited as at 31 December 2021: During the year 2022, following transaction
Question 2 Following are the details of the fixed asset of Ps Ghana Limited as at 31 December 2021: During the year 2022, following transaction occurred: - Additional cost of GHS53,000 incurred on Building (WIP). A building costing GHS100,000 finished during this year. - A new high configuration-based computer system was requested during the year from IT department. Though, it was not acquired during the year, an advance deposit of GHS20,000 was paid. - New plant has been added costing GHS154,000 - During the year, GHS40,000 additions were made to fixtures. This excludes the deposit that was paid for the computer system as mentioned above. - During the year20X6, following disposals of fixed assets occurred: Required: Prepare the disclosure under IAS 16 for the year ended December 31, 2022. Question 2 Following are the details of the fixed asset of Ps Ghana Limited as at 31 December 2021: During the year 2022, following transaction occurred: - Additional cost of GHS53,000 incurred on Building (WIP). A building costing GHS100,000 finished during this year. - A new high configuration-based computer system was requested during the year from IT department. Though, it was not acquired during the year, an advance deposit of GHS20,000 was paid. - New plant has been added costing GHS154,000 - During the year, GHS40,000 additions were made to fixtures. This excludes the deposit that was paid for the computer system as mentioned above. - During the year20X6, following disposals of fixed assets occurred: Required: Prepare the disclosure under IAS 16 for the year ended December 31, 2022
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