FAC2601 Exam Answers - Semester 1, 2026 | Due Date 18 May 2026

,FAC2601 MAY / JUNE EXAM - DUE DATE 18 MAY 2026




QUESTION 1

(a) Machine Super A and Aircraft (2025)

Machine Super A


Description Component 1 Component 2 Component 3 Total

Cost 5 000 000 3 000 000 2 000 000 10 000 000

Opening accumulated
(920 000) (650 000) (1 000 000) (2 570 000)
depreciation (1/1/2025)

Additions – 1 100 000 2 100 000 3 200 000

Disposal at carrying (1 000 000 − 541
– (0) (458 333)
amount 667) = (458 333)

Depreciation for 2025 (920 000) (870 833) (1 050 000) (2 840 833)

Closing carrying amount 3 160 000 2 120 834 1 050 000 6 330 834



Workings — Machine Super A

Component 1

Depreciable amount:
= 5 000 000 − 400 000
= 4 600 000

Annual depreciation:
= 4 600 000 ÷ 5
= 920 000

, Opening accumulated depreciation (2024):
= 920 000

Closing carrying amount:
= 5 000 000 − 1 840 000
= 3 160 000




Component 2

Original depreciable amount:
= 3 000 000

Annual depreciation:
= 3 000 000 ÷ 4
= 750 000

Opening accumulated depreciation:
= 750 000 × 1 year
= 750 000

Original part replaced:
Cost = 1 000 000

Accumulated depreciation to 30 Sept 2025:

2024:
= 1 000 000 ÷ 4
= 250 000

2025 (9 months):
= 250 000 × 9/12
= 187 500