king9223 2017-7-27 07:27 PM
Depreciation問題
The following trial balance has been extracted from ABC company at the close of business on 31 March 2017
[font=Times New Roman][size=2] Dr Cr[/size][/font]
[font=Times New Roman][size=2][/size][/font]
Office equipment 100,000
Accumulated depreciation – Office equipment 1,500
Machinery 24,470
Accumulated depreciation – Machinery 3,350
[font=Times New Roman][size=2]-The office equipment is depreciated by using the straight-line method over a useful life of eight years with no residual value. [/size][/font]
[font=Times New Roman][size=2][/size][/font]
[font=Times New Roman][size=2]-The machinery is depreciated by using the double declining balance method over a useful life of five years with no residual value. There was no addition and disposal of office equipment and machinery during the year.[/size][/font]
[font=Times New Roman][size=2]如果問題要做journal entries for above year ended adjustments,想請教下大家咁做岩吾岩?[/size][/font]
[font=Times New Roman][size=2][font=新細明體][size=3][/size][/font]Dr. Depreciationexpenses - office equipment 12,500
[font=新細明體][size=3][/size][/font] Cr. Accumulated depreciation - office equipment 12,500
[font=新細明體][size=3]$100,000 / 8 years = $12,500[/size][/font][/size][/font]
[font=新細明體]
Dr. Depreciation expenses - themachinery 4,224[/font] Cr. Accumulated depreciation - the machinery 4,224
($24,470 - $3,350) / 5 years = $4,224
[font=Times New Roman][size=2][font=新細明體][size=3][/size][/font][/size][/font]
wideangle 2017-7-30 04:03 AM
Machinery 嘅Depreciation 有少許問題，Machinery用double declining balance method, depreciation rate 應該係40% (100%/5*2) on reducing balance. 即係 (24,470-3,350)*40%=8,440
