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Questions: Based on this information, complete the following working paper:

Questions: Based on this information, complete the following working paper:

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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During 2021 there were transactions related to non-current assets: a. There is a new equipment purchase of 2,000,000 purchased in early July 2021 b. In early August 2021, 15,000,000 worth of machinery were sold which have been depreciated to full in 2020 c. Purchased an automobile for 1,000,000 on December 30, 2021 Questions: Based on this information, complete the following working paper: Cost 2021 Non current asset list Equipment Machinery Automobile Building Land Total Opening balance Additions Disposals Ending balance
Transcribed Image Text:During 2021 there were transactions related to non-current assets: a. There is a new equipment purchase of 2,000,000 purchased in early July 2021 b. In early August 2021, 15,000,000 worth of machinery were sold which have been depreciated to full in 2020 c. Purchased an automobile for 1,000,000 on December 30, 2021 Questions: Based on this information, complete the following working paper: Cost 2021 Non current asset list Equipment Machinery Automobile Building Land Total Opening balance Additions Disposals Ending balance
The following is information about your client's non-current assets (in thousands of Rupiah): Ending balance 2020 Non current asset list Equipment Machinery Automobile Building Land Total Cost Building: 20 years Machinery: 8 years Automobile: 5 years Equipment: 4 years 7,930,000 433,572,100 12,450,000 92,500,000 52,850,000 599,302,100 Accumulated depreciation 1,586,000 67,697,710 4,870,000 18,500,000 92,653,710 Net Book Value 6,344,000 365,847,390 7,580,000 74,000,000 52,850,000 506,648,390 The following information is obtained from the client: The Company depreciates all non-current on the basis of the Straight Line Method with no salvage value in accordance with the estimated economic life of each non-current asset as follows:
Transcribed Image Text:The following is information about your client's non-current assets (in thousands of Rupiah): Ending balance 2020 Non current asset list Equipment Machinery Automobile Building Land Total Cost Building: 20 years Machinery: 8 years Automobile: 5 years Equipment: 4 years 7,930,000 433,572,100 12,450,000 92,500,000 52,850,000 599,302,100 Accumulated depreciation 1,586,000 67,697,710 4,870,000 18,500,000 92,653,710 Net Book Value 6,344,000 365,847,390 7,580,000 74,000,000 52,850,000 506,648,390 The following information is obtained from the client: The Company depreciates all non-current on the basis of the Straight Line Method with no salvage value in accordance with the estimated economic life of each non-current asset as follows:
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