Summary The Fixed/tangible asset note 3

NOTES TO FINANCIAL STATEMENTS FOR THE YEAR END
3. FIXED/TANGIBLE ASSETS


LAND VEHICLES EQUIPMENT TOTAL
AND
BUILDIN
GS
CV at beg of year A C-D H-I Add all
Cost A C H Add all
Acc.dep. - (D) (I) Add all
Add all
MOVEMENTS B E-F-G J Add all
Additions at cost B E J Add all
Disposal at CV - (F) - Add all
Depreciation - (G) K Add all
Add all
CV at end of year A+B SP1 – SP2 (H + J) – (I + K) Add all
Cost A+B Special H+J Add all
note 1
Acc.dep. - Special (I+K) Add all
note 2


Notes
 Notice from past CV/BV is the cost less the acc.dep, hence here also we
do the same method
 Our first part is dealing with all the prices of the items at the beginning
of the year
 Good to know land and buildings are never depreciated. Hence cost is
the same throughout the entire year unless there are additions.
 Our second part is dealing with movements (things that happen during
the year).
 Our third part is dealing with the prices of the items at the end of the
year.