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to 200,000 to purchase the ff going out was Asset incurred in appraised value Joyce Abasia Catering Company limited has a fiscal year ending September
to 200,000 to purchase the ff going out was Asset incurred in appraised value Joyce Abasia Catering Company limited has a fiscal year ending September 30. The Company Completed the following transaction with regard property, plant and equipment January 1 2020 Paid assets from a competitor who was of business and forther legal fees 20,000 transactions Catinated lestimated Uue Residual uglve LG 44100,oo NA NA IGH4 60,00 10yrn GH44,000 & GH 5,00 Equipment Gut 40,000 Syro Joyce Ababis Catering Company limited plans use the straight line depreciation for the building and for the equipment. July 2 2020 - Purchased a delivery truck with price of GHQ 25.0oo. The truck expected to be used for 4 4 years can be after. Sold for GHI 4,000 land Building to method a list and @ July 2009 (10 41 7 22020 it was realised that some further customization had to be done to fit a refrigerator the van in case they need Convey Cakes and other delicate cold items. The Cost of installation was GHQ and expected to last the entire life of the delivery truck with no effect on sa salvage July 3 2020 othe decorate Cost paid was floss to pant the truck with the companyes Colour and togo , even though this would have not affected the use use of the var. Required :@ Record the teara transaction in the books of Joyce Ababio Catering Com. Ltd Round all amounts to the nearest Cedi. Caculate the depreciation for the above assets for the year ended 2020.3oton 30/0912a2a. show the balance sheet presentation of assets as at the year endead september 30, 2020
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