The following information relates to Kpakpakpa Ltd: On 1st January, 2015 balances brought forward in respect of non-current assets were: GH₵ Plant and machinery at cost 900,000 Motor vehicles at cost 780,000 Provision for depreciation: Plant and machinery 50,000 Motor vehicles 30,000 During the six months period ending 30th June 2015, the following additional non-current assets were acquired by cheque: On 31st March 2015 two cargo GH₵20,000 each and a plant for GH₵50,000 On 1st April 2015, one saloon car at GH₵10,000 and four machines GH₵12,000 each. On 30th June, 2015 two machines purchased on 1st January, 2012 at GH₵9,000 were sold for GH₵4,500 and GH₵5,500. On the same date, one saloon car purchased on 1st July, 2012 for GH₵15,000 was auctioned for GH₵11,000. It is the policy of the business to depreciate motor vehicles and plant and machinery at 10% and 5% per annum respectively on straight line method and on one month ownership basis. You are required to write up the following accounts to 30th June, 2015: Plant and machinery and Motor vehicles. Provision for depreciation of plant and machinery and motor vehicles Disposal of plant and machinery and motor vehicles.
The following information relates to Kpakpakpa Ltd:
On 1st January, 2015 balances brought forward in respect of non-current assets were:
GH₵
Plant and machinery at cost
900,000
Motor vehicles at cost
780,000
Provision for depreciation:
Plant and machinery
50,000
Motor vehicles
30,000
During the six months period ending 30th June 2015, the following additional non-current assets were acquired by cheque:
On 31st March 2015 two cargo GH₵20,000 each and a plant for GH₵50,000
On 1st April 2015, one saloon car at GH₵10,000 and four machines GH₵12,000 each.
On 30th June, 2015 two machines purchased on 1st January, 2012 at GH₵9,000 were sold for GH₵4,500 and GH₵5,500. On the same date, one saloon car purchased on 1st July, 2012 for GH₵15,000 was auctioned for GH₵11,000. It is the policy of the business to
You are required to write up the following accounts to 30th June, 2015:
Plant and machinery and Motor vehicles.
Provision for depreciation of plant and machinery and motor vehicles
Disposal of plant and machinery and motor vehicles.
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