Accounting for non-current assets

bristoleno17

hello
i have big problems when i have a exercise about non-current assets (part exchange, disposal)balance bc or bd
if someone could help me with machine cost, accumulated depreciation and depreciation charges
i really appreciate it
thanks in advance

PeterC

See if this helps
https://drive.google.com/file/d/19hBzAnltn4OzV-fXaU2uupoSDEWSjiWQ/view?usp=sharing

bristoleno17

PeterC

Motor vehicles at cost:
Not £2,800 this is the residual value (in 4 years time)
The cost to debit is £13,900 (16,680, less the VAT)

Depreciation charge and accumulated depreciation:
The depreciation for the year is (13,900 - 2,800)/4 = £2,775

PeterC

see also
https://drive.google.com/file/d/1fntnF8qrTsnDxbL1HOplD-zAz7OnRmcM/view?usp=sharing
and
https://drive.google.com/file/d/114mUp7Gvg96w7cXIqjS3SY6gcgDXqR1N/view?usp=sharing