Pools for Pleasure (Pty) Ltd has a year-end of 30 September. On 1 June 2011, the business purchased a digging machine for R2 300 000. It was reliably estimated that the machine had a residual value of R540 000 and is expected to be used evenly over a period of 5 years. The digging machine was ready for use on 30 June 2011 after safety and licensing costs totalling R18 600 had been incurred. On 1 March 2013, Pools for Pleasure (Pty) Ltd sold the digging machine for R1 700 000 cash. 4.1 Calculate the depreciable amount of the digging machine on 30 September 2011. 4.2 Calculate the opening balance on the accumulated depreciation: PPE: Machinery general ledger account on 1 October 2012.

Pools for Pleasure (Pty) Ltd has a year-end of 30 September. On 1 June 2011, the business purchased a digging machine for R2 300 000. It was reliably estimated that the machine had a residual value of R540 000 and is expected to be used evenly over a period of 5 years. The digging machine was ready for use on 30 June 2011 after safety and licensing costs totalling R18 600 had been incurred. On 1 March 2013, Pools for Pleasure (Pty) Ltd sold the digging machine for R1 700 000 cash. 4.1 Calculate the depreciable amount of the digging machine on 30 September 2011. 4.2 Calculate the opening balance on the accumulated depreciation: PPE: Machinery general ledger account on 1 October 2012.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Please answer section d) only
it say 6224.00 is incorrect
Fans Company has two service departments-product design and engineering support, and two production departments - assembly and finishing. The distribution of each service department's efforts to the other departments is shown below: Design SERVICE DEPARTMENT Product Design 0% Engineering Support 20% The direct operating costs of the departments (including both variable and fixed costs) were as follows: Product Design Engineering Support Assembly Finishing Multiple Choice $1,863,265 SERVICES PROVIDED TO Support 10% 0% $623,878 $1,036,122 Assembly 30% 45% $100,000 $ 200,000 $540,000 $ 820,000 The total cost accumulated in the assembly department using the reciprocal method is (calculate all ratios and percentages to 4 decimal places, for example 33.3333%, and round all dollar amounts to the nearest whole dollar) Finishing 60% 35% D
What is a double-entry? Give an example?
what are the solutions for questions 4 & 5?
whats happening with question 11 and 12? answer please
Assume a world that meets all assumptions of the portfolio theory. In this world we solely trade in securities A and B like depicted in the graph below. Short selling is allowed. xA and XB indicate the proportions of security A and B within a portfolio respectively. P1, P2, P3 and P4 represent portfolios that can be created by trading (either long and/or short) in securhies A and B. P3 is the portfolio with the lowest risk; the risk of P3 is 0%. The risk of security A and B is measured by the standard deviation of the returns in the particular security and equals 20% for both. The correlation coefficient of the returns between A and B is -1. 40% P1 E(R) A 30% P2 20% P3 10% P4 ++ 30% 0% 10% 20% 40% O(R) Question: Indicate which statements are correct. Take into account that everything is possible, from all correct to all wrong.
Could you please answer question 4 and 5?
Included in Allen Corp.'s balance sheet at June 30, 2015 is a 10%, $3,000,000 note payable. The note is dated October 1, 2013 and is payable in three equal annual payments of $1,500,000 plus interest. The first interest and principal payment was made on October 1, 2014. In Allen's June 30, 2015 balance sheet, what amount should be reported as accrued interest payable for this note? A. $75,000. B. $112,500. C. $337,500. D. $225,000.
How do I solve this
What is the formula used for the questions without using excel?
G and H are mutually exclusive events. P (G) = 0.5 P (H) = 0.3 P( H | G) = 0.6 Find P (H OR G) Are G and H independent or dependent events? why?