Exam (elaborations)
FAC2601 ASSIGNMENT 2 YEAR 2024 semester 1 ....CALL/APP
- Course
- Institution
THE DOCUMENT ABOVE HAS SOLUTIONS FOR ASSIGNMENT 2 YEAR 2024.............................FOR MORE CALL/APP
[Show more]
Seller
Follow
wealighttutorials
Reviews received
Content preview
FAC2601 ASSIGNMENT 2 – SEMESTER 1 OF2022
Notes to the Financial Statements of Bell Crest Ltd for the year ended 30 June
2020
Property, Plant & Equipment
Land Buildings Plant & Furniture &
Machinery Equipment
R R R R
Carrying amount at beginning of year 800 000 1 025 000 2 100 000 480 000
Cost (6) 800 000 1 200 000 3 733 333 600 000
Accumulated Depreciation (2.1) - (175 000) (1 633 333) (120 000)
Additions at cost 700 000 1 275 000 - -
Revaluation (1) 50 000 - - -
Depreciation capitalized (4) - 17 578 (17 578) -
Depreciation [(5.1), (5.2) & (5.3)] - (94 469) (299 089) (60 000)
Disposal at carrying amount (7) - - (958 333) -
Carrying amount at end of year 1 550 000 2 223 109 825 000 420 000
Cost / Valuation (8) 1 550 000 2 492 578 1 955 555 600 000
Accumulated Depreciation - (269 469) (1 130 555) (180 000)
The land was revalued for the first time on 1 October 2019 by Mr Blog, an independent
sworn appraiser to a fair value amount.
Calculations
1. Revaluation =
=
2. Accumulated Depreciation – Beginning of year
2.1. Buildings =( )
=
2.2.
3. Additions to buildings =
=
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller wealighttutorials. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $3.13. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
72042 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now