The chief accountant of Jitegemea Ltd has encountered difficulties while accounting for

fixed assets and the related depreciation in the company's draft accounts for the year ended

$30$ April $2015.$ He has decided to seek your professional advice and presented the following

balances of fixed assets as at $1$ May $2014$

The following additional information was also available:

It is the company's policy to write off cost of the assets using above percentages on

cost$.$

Depreciation is fully charged in the year of acquisition and none in the year of disposal.

A three year old machine acquired for sh$.187,500$ was sold for sh$\mathrm{.}15,750.$

It has been decided to adjust and charge depreciation on buildings at $4\%.$

A used delivery truck purchased three years ago for sh$.248,250$ was traded in during

the year at a value of sh$.157\mathrm{.}500$ in part exchange of the new delivery truck costing

sh$.450,000.$

Land, buildings and machinery were acquired for sh$.1,350,000$ from a company that

went out of business. At the time of acquisition sh$.90,000$ was paid to have the assets

revalued by a professionally qualified valuer. The revaluation indicated the following

market values.

Sh$.$

Required:

A schedule of movement of fixed assets as requested by the Chief Accountant for inclusion

in the company's accounts for the year ended $30$ April $2015.$

marks$)$

The chief accountant of Jitegemea Ltd has encountered difficulties while accounting for

fixed assets and the related depreciation in the company's draft accounts for the year ended

$30$ April $2015.$ He has decided to seek your professional advice and presented the following

balances of fixed assets as at $1$ May $2014$

The following additional information was also available:

It is the company's policy to write off cost of the assets using above percentages on

cost$.$

Depreciation is fully charged in the year of acquisition and none in the year of disposal.

A three year old machine acquired for sh$.187,500$ was sold for sh$\mathrm{.}15,750.$

It has been decided to adjust and charge depreciation on buildings at $4\%.$

A used delivery truck purchased three years ago for sh$.248,250$ was traded in during

the year at a value of sh$.157\mathrm{.}500$ in part exchange of the new delivery truck costing

sh$.450,000.$

Land, buildings and machinery were acquired for sh$.1,350,000$ from a company that

went out of business. At the time of acquisition sh$.90,000$ was paid to have the assets

revalued by a professionally qualified valuer. The revaluation indicated the following

market values.

Sh$.$

Required:

A schedule of movement of fixed assets as requested by the Chief Accountant for inclusion

in the company's accounts for the year ended $30$ April $2015.$

marks$)$