The following is information about your client's non-current assets (in thousands ofRupiah):Non-current assetlistEquipmentMachineryAutomobileBuildingLandCostTotalEnding Balance 2020Accumulateddepreciation433,572,100 67,697,71012,450,0004,870,00092,500,00052,850,000599,302,100 92,653,710The following information is obtained from the client:7,930,0001,586,00018,500,000Net BookValue6,344,000365,847,3907,580,00074,000,00052,850,000506,648,390 listThe Company depreciates all non-current on the basis of the Straight Line Method withno salvage value in accordance with the estimated economic life of each non-currentasset as follows:Building:Machinery:Automobile:Equipment:listNon-current asset OpeningBalance5 years4 yearsDuring 2021 there were transactions related to non-current assets:a. There is a new equipment purchase of 2,000,000 purchased in early July 2021In early August 2021, 15,000,000 worth of machinery were sold which havebeen depreciated to full in 2020b.c. Purchased an automobile for 1,000,000 on December 30, 2021EquipmentMachineryAutomobileBuildingLandTotalQuestions:Based on this information, complete the following working paper:Cost 2021Non-current assetlistEquipmentMachineryAutomobileBuildingTotalNon-current asset20 years8 yearsEquipmentMachineryAutomobileBuildingLandTotalOpeningBalanceCostAdditionsAccumulated Depreciation 2021Current DepreciationEnding Balance 2021DisposalsDisposalsNet BookAccumulated Depreciation ValueEndingBalanceEndingBalance

Given that, Estimated economic life of ; Machinery = 8 years Building = 20 years Equipment = 4…

The following is information about your client's non-current assets (in thousands of Rupiah): Non-current asset list Equipment Machinery Automobile Building Land Total Cost Ending Balance 2020 Accumulated depreciation 7,930,000 1,586,000 433,572,100 67,697,710 12,450,000 4,870,000 92,500,000 18,500,000 52,850,000 599,302,100 92,653,710 The following information is obtained from the client: Net Book Value 6,344,000 365,847,390 7,580,000 74,000,000 52,850,000 506,648,390

The following is information about your client's non-current assets (in thousands of Rupiah): Non-current asset list Equipment Machinery Automobile Building Land Total Cost Ending Balance 2020 Accumulated depreciation 7,930,000 1,586,000 433,572,100 67,697,710 12,450,000 4,870,000 92,500,000 18,500,000 52,850,000 599,302,100 92,653,710 The following information is obtained from the client: Net Book Value 6,344,000 365,847,390 7,580,000 74,000,000 52,850,000 506,648,390

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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