Question
The following information relates to the furniture Alwarqa Computers uses in the shop. Cost (BD) Scrap Value (BD) Useful Life (Year) Date of Acquisition 6,000
The following information relates to the furniture Alwarqa Computers uses in the shop.
| Cost (BD) | Scrap Value (BD) | Useful Life (Year) | Date of Acquisition |
| 6,000 | 400 | 10 | Oct01, 2018 |
The furniture is depreciated using the straight-line method, and the policy is to charge equal instalments for each full month the asset is owned by the business.
You are required to:
- Calculate the depreciation charge of the furniture for the year ending 31 December 2018. Show your calculations (3marks)
- Show the entry to record the depreciation for the year ending 31 December 2019. (2 marks)
| Ledger Account | Debit (BD) | Credit (BD) |
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Auditing Quality Management Systems Keeping Your Quality Management System Relevant
Authors: Herne European Consultancy, Ray Tricker
1st Edition
0992758521, 978-0992758523
