Accounting for non-current assets
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bristoleno17
Registered Posts: 8
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
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
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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
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