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jazakallahIt's PLC that won't be tested, no the Private Ltd companies
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jazakallahIt's PLC that won't be tested, no the Private Ltd companies
Is AVCO out of our syllabus now?
seriously?? LIFO is out??Nope it's still there, LIFO is out of syllabus now.
ummm sorry i am new here.Paper contents are not to be discussed before 24 hours!
PLSSSS ANY1 telll me how to find depreciation FOR MACHINERY as 10,000 ????(accounting AS) URGENT PLLSSSSSView attachment 26012
thnk yoo soo much... understood.we know the opening and closing values of machinery, as given in the question
as this information is in terms of net book value, we have to calculate the nbv of the sold off asset, and add the book value of the new bought machinay
so
opening value 147
add new purchase 12
deduct, old asset sold off (10-6) -4
value of assets =155
closing value, as stated 145
so the difference between the closing value we get and the value as stated on the balance sheet is our depreciation
please do ask me, if my explanation is not clear
use the opening balances....
(22300+100000+28400+65000+22400+1100)-(17500+800+5620+2400)=212880
let me provide you the solution, please wait!http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_w05_qp_2.pdf
HW TO DO THE ABSORPTION COSTING STATEMENT QUESTION NO 3
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