FAC2601 Assignment 2 Semester 1 2022

FAC2601 Assignment 2 Semester 1 2022 Disclaimer Extreme care has been used to create this document, however the contents are provided “as is” without any representations or warranties, express or implied. This document is to be used for comparison, research and reference purposes ONLY. No part of this document may be reproduced, resold or transmitted in any form or by any means without prior written permission from the author. DOCUMENT PREVIEW BELL CREST LTD NOTES TO NON-CURRENT ASSETS Property, plant and equipment Land Buildings Plant and machinery Delivery vehicle Furniture and equipment Carrying amount at the beginning of the year 480 000 Gross carrying amount 3 733 333 (5) 84 615 (12) 600 000 Accumulated depreciation - (175 000) (2) (1 633 333) (6) (29 615) (13) (120 000) FAC2601 Assignment 2 Semester 1 2022 Unique Number : Disclaimer Extreme care has been used to create this document, however the contents are provided “as is” without any representations or warranties, express or implied. This document is to be used for comparison, research and reference purposes ONLY. No part of this document may be reproduced, resold or transmitted in any form or by any means without prior written permission from the author. QUESTION 1 BELL CREST LTD NOTES TO NON-CURRENT ASSETS Property, plant and equipment Land Buildings Plant and machinery Delivery vehicle Furniture and equipment Carrying amount at the beginning of the year 480 000 Gross carrying amount 3 733 333 (5) 84 615 (12) 600 000 Accumulated depreciation - (175 000) (2) (1 633 333) (6) (29 615) (13) (120 000) Additions at cost 70 000 (14) Disposals (958 333) (9) (45 128) (16) Depreciation (49 469) (3) (189 714) (8) (15 289) (17) (60 000) (1 Depreciation capitalised 17 579 (17 579) Revaluation 50 000 (1) Carrying amount at the end of the year 420 000 Gross carrying amount Accumulated depreciation - (224 469) (1 021 181) (5 417) (180