Depreciation

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
Hi Hopesome can help me,

I am working on Ramsay Wood Products, and on one of the Depreciation questions, it mentions Workshop Equipment 25% per annum on net book value (reducing balance basis) , on the T accounts that are given it mentions the the workshop equipment cost opening balance is £17228.00, and the amount that is the opening balance on workshop equipment accumulated depreciation is £10400.79.

Would i just do the following:-
£17228.00-£10400.79= £6827.21 * 25% = £1706.80.

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Depreciation

    Hi Zetty.

    Yes, if you only have one year's depreciation.

    Scott.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Depreciation

    Thankyou for your help Zoe

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