Financial Statements - SPL

Sineadp

Does anybody know how to work out the Depreciation for cost of sales when

Land & Buildings cost - £125,500
Accumulated depreciation - £15,000
Plant & Equipment cost - £40,000
Accumulated depreciation - £14,400

Land which is not depreciated is included in the trial balance at £50,500,000. It is to be revalued at £60,000,000.

Depreciation is apportioned ;

Cos of sales -50%
Distribution - 20%
Amin Expense - 30%

Please could anyone explain how to work out the Cost of sales depreciation

Thank you

Adele69

Missing some key info, namely Depreciation rate and method.
From prev questions I've seen Buildings at 2% SLM and Plant & Equip at 25% DBM so at a guess will use these

First 4 figures are in thousands
L&B total 125,500,000 - Land (before revaluation) 50,500,000, so Buildings 75,000,000

Buildings deprec 2% of 75,000,000 = 1,500,000
Plant&Eq CA (40,000,000 - 14,400,000) = 25,600,000 deprec 25% = 6,400,000
Total deprec = 7,900,000

COS portion 50% = 3,950,000

Sineadp

This has helped me out a lot, I Didn't realise you had to do the differences between the original and revaluation to work out the Buildings.

Thank you