How do you calculate the depreciation of plant and equipment and power for production machinery?
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oney
Registered Posts: 6
I tried using number of employees because the basis of apportionment used headcount but when I checked the answer bank my answers were different from the ones in the book.
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My calculation would be
Depreciation
For moulding 2010375/31*15=972762
For extrusion 2,010,375/31*16=10376123
Power
For moulding 1787500/31*15
For extrusion 1787500/31*16
When it comes to the total it will equal 5061019
Let me know what the answers wereAAT Level 2. 2018 Distinction
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Xero Certified Advisor5 -
I did it using your method and checked against the answer bank, the answers are right. So here we only focus on the production centres rather than the whole thing which includes the support cost cost centres, makes sense. Thank you so much!0
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