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The accountant for Zee Zee Zee Manufacturing resigned suddenly and it was discovered that the records were not well maintained. With much eff information
The accountant for Zee Zee Zee Manufacturing resigned suddenly and it was discovered that the records were not well maintained. With much eff information was retrieved or reconstructed and this is provided below: 31-Jan-2021 Machinery & equipment 15,620,000 31-Jan-2022 17,358,000 Wages prepaid 1,986,050 1,727,000 Commission prepaid 500,900 715,600 Buildings 46,168,320 38,473,600 Creditors 2,202,750 2,937,000 Cashbook summary Transaction details DR CR Received payments from credit customers 5,870,000 3,560,000 Proceeds on disposal of building Loan payment Payments to credit suppliers Commission received Purchased equipment Refund from creditors Wages paid 95,000 7,354,000 815,000 2,654,000 395,000 4,960,000 Note: Buildings sold had a net book value of $4.7 million Based on the information provided, what is the depreciation charge for machinery & equipment for 2022? a. $1,340,000 Ob. $916,000 C. $1,738,000 d. $1,348,000
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