The Pottery Co has recently undertaken their year end inventory inspection. During the inspection some items were discovered which had been damaged Avata which had originally cost E190 and would have sold for 440 will now have to be discounted and sold for 212. 05 dinner sets which had originally cost 62. each and would have sold for 95 now need repair work CAS for each set. They can then be sold at the original selling price what value should the vase be included in closing inventory? What is the total value of the 405 dinner sets to be induded in closing inventory? Outdoors Ltd has closing inventory valued at 52.500. Included in this value are 22 food packs costing 58 each which are out of date and now cannot be sold. Also included are 16 tents at a cost of 256 each with a selling price of 466. These are now old stock and will be sold at a 50% discount on the original price, At what value should EACH tent be included in closing inventory? Choose... What is the total value of closing inventory for Outdoors Ltd Choose Select your answer in each dropdown menu) Closing inventory information for Priory Gallery is displayed below. Complete the table by calculating the NRV of each item and comparing this with the cost in order to calculate the total value of each product line B E Cost 44 88 Selling price 82 123 Sales commission 49 Number of units in stock 320 220 NRV Total value of product lines Enter the clue with comma or decimal places) E 140 277 72 120 The Property Co Ltd have recently purchased a building at a cost of 3,600,000. They have estimated that this will have a useful life of 25 years and a residual value of 950,000. They have not yet decided whether to Depreciate this using the straight line method or the reducing balance method at 6% per annum The Property Co Ltd have a policy of charging a full year's depreciation in the year of purchase and none in the year of sale What would be the value of the depreciation for the first TWO years under the straight line method? What would be the value of the depreciation for the first two years under the reducing balance method? ter the clues with no En Con or decimal places) Business Services Ltd's year end is 31 December. On 1 June 20x1, they purchased a machine at a cost of E66,006. At the time, they estimated that the machine had a useful life of 9 years and no residual value. On 1 January 20X5 Business Services Ltd sold the machine for 46,400. Business Services Ltd have a policy of charging depreciation based upon the number of months an asset has been owned. Did Business Services Co make a profit or a loss on the sale of the machine? Choose out on the rondown menu What was the value of the profit or loss? the value with non commor decimal places) Calendar Plc have a year end of 30/09/X2. They have prepared the following information about their non- current assets Land was revalued to 4.2 million on 28/09/X2 . All buildings are depreciated using the straight line method over 25 years All plant and equipment is depreciated using the reducing balance method at 18% Requirement: Complete the non-current asset working below for Calendar Plc (Round to the nearest 1,000) Land Buildings Plant & equip E000 '000 '000 Cost 2700 2400 1500 Accumulated depreciation 0 -550 Net book value at 01/10/X1 2700 950 Revaluation during 20X2 Depreciation for year ended 20X2 Net book value at 30/09/X2 ter the values with no gni comme decimal places Use a minus sign where applicable) -535 1865