Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 5 (60 marks) The table below show a list of fixed assets purchase by Delta Construction Limited located at 37 Hagley Park Road Kingston
Question 5 (60 marks) The table below show a list of fixed assets purchase by Delta Construction Limited located at 37 Hagley Park Road Kingston 11, as at December 31, 2022. The directors are requesting that a Fixed Assets Register using appropriate template is created and maintained for all Motor vehicles on the books as at December 31,2022. The policy states that a full year depreciation is to be calculated on the cost price of all assets on the books irrespective of the month of purchase in each financial period using a rate of 20% per annum. Schedule of Fixed Assets Purchase (Motor Vehicles) \begin{tabular}{|l|l|c|l|} \hline ate of Purchase & \multicolumn{1}{|c|}{ Details } & Cost \$ & DepartmentAssigned \\ \hline Garch 2019 & Ford Truck & 3,500,000 & Sales \\ \hline aly 2019 & Toyota Corolla & 2,640,000 & Accounts \\ \hline ebruary 2020 & Nissan Pick up & 3,400,000 & Production \\ \hline une 2020 & Honda Accord & 2,850,000 & Human Resource \\ \hline pril 20 21 & Ford F120 Pick up & 3,720,000 & Sales \\ \hline ugust 20 21 & Nissan Path finder van & 2,590,000 & Sales \\ \hline anuary 20,2022 & Toyota Prado & 5,600,000 & Marketing \\ \hline May 15,2022 & Honda CRV & 4,700,000 & Accounts \\ \hline September 18,2022 & Nissan Pickup Truck & 6,400,000 & Sales \\ \hline \end{tabular} Required: Prepare the fixed assets ledger accounts for the period 2019 to December 31, 2022 (10 Marks) a. Prepare the Provision for depreciation account for the period 2019 to December 31,2022 JDF/ACCCUNT LEVE 3 PLA/MAY 2023 11
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started