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Re-calculate depreciation of each asset by following the correct method and check if there are any mistakes. Depreciation Schedule Red Earth as on 30 June
- Re-calculate depreciation of each asset by following the correct method and check if there are any mistakes.
| Depreciation Schedule Red Earth as on 30 June 2021 | ||||||||
| Original Cost | opening WDV | Additions | Disposals | Closing WDV | Method | Rate | Depreciation for the year | |
| Buildings | $ 5,000,000.00 | $ 4,400,000.00 | $ | $ | $ 4,400,000.00 | SIMI | 2.50% | $ 125,000.00 |
| Vehicles | $ 844,000.00 | $ 444,000.00 | $ | $ | $ 444,000.00 | WDV | 25% | $ 111,000.00 |
| Plant and Equipment | $ 780,000.00 | $ 360,000.00 | $ | $ | $ 360,000.00 | WDV | 25% | $ 90,000.00 |
| Office Equipment | $ 360,000.00 | $ 120,000.00 | $ | $ | $ 120,000.00 | WDV | 25% | $ 30,000.00 |
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Cost Accounting Foundations and Evolutions
Authors: Michael R. Kinney, Cecily A. Raiborn
8th Edition
9781439044612, 1439044619, 978-1111626822
