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The accountant for Hobart Future Group Ltd prepared an aged analysis of accounts receivable balances at 3 0 June 2 0 2 3 . The

The accountant for Hobart Future Group Ltd prepared an aged analysis of accounts receivable balances at 30 June 2023. The percentages of each age group are based on historical analysis and are presented in the table below. Ignore GST.
It is company policy to use the allowance method to account for bad debts.
Age Estimated uncollectable (%) Balance
Current 0.5 $900900
30-60 days overdue 2 $257400
61-120 days overdue 10 $64350
121 days to 6 months overdue 20 $77220
Over 6 months overdue 40 $51480
a. Calculate the estimated amount for the allowance for doubtful debts as at 30 June 2023.
b. Tasmanian Printers and Bookbinders Pty Ltd commenced business on 1 July 2023. On 5 July 2023 it spent $150000 on industrial printing and binding machinery, payable in two equal instalments on 1 August and 1 November 2023. They incurred $4500 in transport costs to deliver the machinery to the business premises and a further $5000 in electrical wiring and installation before the machinery could be used for production. These expenses were paid in cash. The supplier informed management the machinery has a productive capacity of 600000 hours. It is estimated the residual value would be $10000 in scrap metal at the end of the machinerys useful life.
On 30 August 2023, the business purchased a second-hand truck for $35000 for deliveries. Stamp duty amounted to $1050. Four new tyres were fitted at a cost of $1200 to meet roadworthy conditions. The truck was expected to have a useful life of 5 years and a residual value of $5000.
The company has adopted the units of production method of depreciation for the printing and binding machinery and the diminishing balance method for the truck. The end of its reporting period is 30 June. Ignore GST.
Required
I. Calculate the depreciation expense for the financial years 202324 and 2024-25 for printing and binding machinery using:
units of production (assuming the production totalled 74000 hours in 2023-24 financial year and 70000 hours in 2024-25 financial year).
[4 marks]
II. Calculate the depreciation expense for the financial years 202324 and 2024-25 for truck using:
diminishing or reducing balance (assuming diminishing balance rate to be 33%)
c. The personal training business owned by Joe Cheng made the following cash transactions during the reporting period.
purchased equipment, $13200
cash received for services, $26400
paid wages, $5280
paid rent, $8000
cash received for services, $39600.
Required
Prepare a statement of cash flows using the direct method for the business for the period.

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