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    278.47 Cost X Rate X Deprecmonths

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    lowiener
    1. The document contains details of depreciation expenses calculated for various assets of a company for the years 2010-2011. It provides information on the cost of assets, depreciation rates, accumulated depreciation and net book values. 2. Depreciation expenses are calculated for factory machines, tools, buildings, furniture and fixtures, patents and office machines. Accumulated depreciation balances are also updated. 3. Some assets like factory machines and office machines were also fully depreciated and sold during the years. Gains and losses on sale of assets are also recorded.

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    278.47 Cost X Rate X Deprecmonths

    Uploaded by

    lowiener
    13 views3 pages
    1. The document contains details of depreciation expenses calculated for various assets of a company for the years 2010-2011. It provides information on the cost of assets, depreciation rates, accumulated depreciation and net book values. 2. Depreciation expenses are calculated for factory machines, tools, buildings, furniture and fixtures, patents and office machines. Accumulated depreciation balances are also updated. 3. Some assets like factory machines and office machines were also fully depreciated and sold during the years. Gains and losses on sale of assets are also recorded.

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    case7-1solns

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    case7-1solns

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    1. The document contains details of depreciation expenses calculated for various assets of a company for the years 2010-2011. It provides information on the cost of assets, depreciation rates, accumulated depreciation and net book values. 2. Depreciation expenses are calculated for factory machines, tools, buildings, furniture and fixtures, patents and office machines. Accumulated depreciation balances are also updated. 3. Some assets like factory machines and office machines were also fully depreciated and sold during the years. Gains and losses on sale of assets are also recorded.

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    © All Rights Reserved
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    Download as docx, pdf, or txt
    13 views3 pages

    278.47 Cost X Rate X Deprecmonths

    Uploaded by

    lowiener
    1. The document contains details of depreciation expenses calculated for various assets of a company for the years 2010-2011. It provides information on the cost of assets, depreciation rates, accumulated depreciation and net book values. 2. Depreciation expenses are calculated for factory machines, tools, buildings, furniture and fixtures, patents and office machines. Accumulated depreciation balances are also updated. 3. Some assets like factory machines and office machines were also fully depreciated and sold during the years. Gains and losses on sale of assets are also recorded.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 3

    3. Cost 8,354.

    00
    Depreciation Rate 0.20
    Depreciation months 2/12
    Depreciation Expense 278.47 = cost x rate x deprecmonths

    Cost 8,354.00
    Accumulated Depreciation - Auto Equipment -5,458.47 = (5,180 +278.47)
    Net Book Value 2,895.53
    Sold at - 2,336.00
    Less on Sale 559.5333

    6. Cost 490.00
    Depreciation Rate 0.10
    Depreciation Months 9/12
    Depreciation Expense 36.75 = cost x rate x d. months

    Cost 490.00
    1-Oct-10 Accumulated Depreciation - Furnitures and Fixtures431.75
    Net Book Value 58.25
    Sold @ - 80.00
    Gain on Sale 21.75
    7. Factory Machine Total Cost 3,425,585.00
    Fully Depreciated - Factory Machine 85,000.00
    Sold 01/02/2010 31,333.00
    Net Cost or Factory Machine Depreciated Value3,309,252.00
    Deprecication Rate x 0.10
    Depreciation Expense - Factory Machine 330,925.20

    Furnitures and Fixtures 56,484. 00


    Sold 10/01/2010 - 490.00
    Net Cost/ Book Value 55,994.00
    Depreciation Rate x 0.10
    Depreciation Expense - Furnitures & Fixtures 5,599.40

    Automotive Equipment 58,298.00


    Sold 03/02/2010 8,354.00
    Net Cost/ Book Value 49,944.00
    Depreciation Rate x 0.20
    Depreciation Expense - Automotive Equipment9,988.80

    Office Machine 42,534.00


    Fully Depreciated & sold 07/01/2010 - 1,027.00
    Net Cost / Book Value 41,507.00
    Depreciation Rate x 0.10
    Depreciation Expense - Office Machine 4,150.70
    Factory Machine:
    Factory Machine

    (Beginning) 31,233 Accumulated Depreciation - Factory Machine


    3,425,585
    1,642,358
    3,394,352.00 (Beginning)
    27,367 330,935.20

    1,945,926.20
    Tools:
    Tools

    (Beginning) 7,850
    61,294.00

    53,444.00

    Building:
    Building Accumulated Depreciation - Building
    2,405,259 663,379 (Beginning)
    48,105.18

    711,484.18
    Furnitures and Fixtures
    Furnitures and Fixtures

    (Beginning) 56,484 490

    55,994

    Patent
    Patent
    Accumulated Expense - Patent
    (Beginning) 56,250 11,250
    11,250
    45,000
    Office Machines
    Office Machines Accumulated Depreciation - Office Machines

    (Beginning) 42,534 1,027 1,027 28,005

    41,507 4,150.7

    31,128.7

    Accumulated Depreciation - Furnitures and


    Fixtures

    431.75 40,400 (Beginning


    36.75
    5,559.40

    45,604.4

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