past paper 16 june 2004 help

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
Can anyone tell me on this paper on task 2.3 D, where these figures have come from? The depreciation seems to be far to high fro the purchace!!!<BR><BR>I know this is a bit last minute revision but i would appreciate any help<BR><BR>Phil

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    past paper 16 june 2004 help

    Margy<BR>If you look on the Assesments part of the site, there are the answers to the papers with workings for the answers<BR><BR>Elliott
  • System
    System Posts: 100,534 🤖 Admin 🤖
    past paper 16 june 2004 help

    Hi Margy<BR><BR>If it is the same paper then the following:<BR><BR>You are asked to calculate depreciation for the year 10% SL.<BR><BR>The Equipment at cost is £4620. You have a new purchase of £780 and a disposal at a cost of £400.<BR><BR>Therefore it is 10% of 4620+780-400 = 10% of 5000 = £500.<BR><BR>Hope this is the same one and good luck!
  • System
    System Posts: 100,534 🤖 Admin 🤖
    past paper 16 june 2004 help

    Hi,<BR>The equipment that question refers to is the equipmen on the trial balance. So the figures are 4,620 - 400 + 780 = 5,000.<BR>Depreciation is 10% of 5,000 = 500.<BR>
  • System
    System Posts: 100,534 🤖 Admin 🤖
    past paper 16 june 2004 help

    thanks for that help evryone, and good luck with your last minute revision if you like me!!
  • System
    System Posts: 100,534 🤖 Admin 🤖
    past paper 16 june 2004 help

    what if you forget there's a dsiposal? how do u remember?
  • System
    System Posts: 100,534 🤖 Admin 🤖
    past paper 16 june 2004 help

    apart from a good memory i guess try ticking off all the information as you go along..... that way you might notice that you have not used the disposal???

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