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Question 5 The table below show a list of fixed assets purchase by Johnson Construction Limited located at 37 Hagley Park Road Kingston 11, as
Question 5 The table below show a list of fixed assets purchase by Johnson 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) Kequired: Question 1: Prepare the fixed assets ledger accounts with the appropriate heading for the period 2019 to December 31,2022 (10 Marks) Question 2: Prepare the Provision for depreciation account for the period 2019 to December 31, 2022 (20 Markis) Question 3: Prepare the Fixed Asset Register for the period 2019 to December 31, 2022, which m u st be reconciled with the General Ledger as at that date. (20 Marks) Question 4: The Ford Truck purchased on March 2019 was temporary out of service and the manageragreed to transfer the Ford 150 pickup truck purchase April 202 I as a temporary replacement. Draft and prepare a suitable document to show the transfer of this asset. (10 Marks) PLEASE TO MAKE APPROPIRATE NOTATION OF CALCULATION AS IT IS A REQUIREMENT
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