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FAC2601
Assignment 2 Semester 1 2022
Unique #: 173709
This document includes:
Helpful guidelines
Explanations and/ or calculations
Study-guide and /or text book references were necessary
Solutions
Terms of use:
To be used ONLY for comparison purposes.
Do not duplicate or distribute without written permission from the author.
Distribution of this document is illegal
, Stuvia.com - The study-notes marketplace
QUESTION 1
BELL CREST LTD
NOTES TO NON-CURRENT ASSETS
Property, plant and equipment
Furniture
Plant and Delivery and
Land Buildings machinery vehicle equipment
Carrying amount at the
beginning of the year 800 000 1 025 000 2 100 000 55 000 480 000
Gross carrying amount 800 000 1 200 000 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 700 000 1 275 000 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 1 550 000 2 268 110 934 374 64 583 420 000
Gross carrying amount 1 550 000 2 492 579 1 955 555 70 000 600 000
Accumulated depreciation - (224 469) (1 021 181) (5 417) (180 000)
Distribution of this document is illegal
FAC2601
Assignment 2 Semester 1 2022
Unique #: 173709
This document includes:
Helpful guidelines
Explanations and/ or calculations
Study-guide and /or text book references were necessary
Solutions
Terms of use:
To be used ONLY for comparison purposes.
Do not duplicate or distribute without written permission from the author.
Distribution of this document is illegal
, Stuvia.com - The study-notes marketplace
QUESTION 1
BELL CREST LTD
NOTES TO NON-CURRENT ASSETS
Property, plant and equipment
Furniture
Plant and Delivery and
Land Buildings machinery vehicle equipment
Carrying amount at the
beginning of the year 800 000 1 025 000 2 100 000 55 000 480 000
Gross carrying amount 800 000 1 200 000 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 700 000 1 275 000 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 1 550 000 2 268 110 934 374 64 583 420 000
Gross carrying amount 1 550 000 2 492 579 1 955 555 70 000 600 000
Accumulated depreciation - (224 469) (1 021 181) (5 417) (180 000)
Distribution of this document is illegal
