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Depreciation

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Depreciation FA2 Part 1 Question 1

1-Jan-11 b/d

Furniture and Fittings 100,000 31-Dec-11 c/d

100,000

31-Dec-11 c/d (FP)

Accumulated of Depreciation on F&F 28,750 1-Jan-11 b/d 31-Dec-11 Depreciation 28,750 5% x (100,000-25,000) 3750 (CI)

25,000 3,750 28,750

working 1 Depreciation F&F

Van 1-Jan-11 b/d 50,000 31-Dec-11 c/d 50,000

31-Dec-11 c/d (FP)

Accumulated of Depreciation on van 17,000 1-Jan-11 b/d 31-Dec-11 Depreciation 17,000 10% x 50,000 5000 (CI)

12,000 5,000 17,000

working 2 Depreciation van

Statement of Comprehensive Income (extract) for the year ended 31/12/2011 Less: Expenses Depreciation on F&F 3750 Depreciaiton on van 5000

Statement of Financial Position (extract) as at 31 July 2012 √ Non-current Asset Cost Acc. Dep Furniture & Fittings 100,000 28,750 Van 50,000 17,000

NBV 71,250 33,000

Prepared by Ms Nur Shahida

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Depreciation FA2 Part 1 Question 2

1-Jan-10 b/d 1-Jan-11 b/d

Lorry 60,000 31-Dec-10 c/d 60,000 31-Dec-11 c/d

60,000 60,000

1-Jan-10 Acc. Dep 1-Jan-11 Acc. Dep

Depreciation on lorry 12,000 31-Dec-10 c/d (CI) 12,000 31-Dec-11 c/d (CI)

12,000 12,000

working 1

Depreciation

20% x 60000

12000 (CI)

31-Dec-10 c/d (FP) 31-Dec-11 c/d (FP)

Accumulated of Depreciation on lorry 12,000 31-Dec-10 Depreciation 24,000 24,000 1-Jan-11 b/d 31-Dec-11 Depreciation

12,000 12,000 12,000 24,000

Statement of Comprehensive Income (extract) for the year 2010 and 2011 Less: Expenses 2010 2011 Depreciation on lorry 12,000 12,000

Statement of Financial Position (extract) as at 31 July 2012 √ Non-current Asset 2010 2011 Lorry Cost 60,000 60,000 Acc. Dep 12,000 24,000 NBV 48,000 36,000

Prepared by Ms Nur Shahida

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Depreciation FA2 Part 1 Question 3

1-Jan-10 b/d 1-Jan-11 b/d

Lorry 60,000 31-Dec-10 c/d 60,000

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