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The following figures are extracted from the Trial Balance of Telenorth Cost/Initial measurement Right of use asset (leasehold building) Plant & Equipment Computer system $
The following figures are extracted from the Trial Balance of Telenorth Cost/Initial measurement Right of use asset (leasehold building) Plant \& Equipment Computer system $ $ 56,250 55,000 35,000 Depreciation 1 october 207 (Note) Right of use asset (leasehold building) 18,000 Plant \& Equipment 12,800 Computer system 9,600 Note: Telenirth has the following depreciation policy : Right of use asset (leasehold building) - straight line over lease term (10 years) Plant \& Equipment - 5 years straight line with residual values estimated at $5m Computer System - 40% P.annum reducing balance Depreciation of the right-of-use asset and plant is treated as cost of sales; Depreciation of the computer system is an administration cost Calculate the depreciation charge and amounts to be included in the statement of financial position for the year ended 30 September 208
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