Question 1, The following information is relevant for the year ended 31 December, 2022 for Grace Ltd 2022 GH¢'000 2021 GH¢'000 Cash 21,000 10,000 Account receivables 30,000 20,000 Inventories 26,000 30,000 PPE 70,000 50,000 Accumulated depreciation (10.000) (5.000) 137.000 105.000 Account payable 9,000 15,000 Accrued liability 2,000 Ordinary Capital 90,000 60,000 Retained earnings 36,000 30,000 137.000 105,000 Grace Ltd Statement of comprehensive Income for the year ended 31 December, 2022 GH¢'000 Sales 140,000 Cost of sales (100,000) 40,000 Operating expenses other than depreciation Depreciation 25,000 5.000 (30,000) Net profit 10.000 Additional information: 1. P&M bought for cash in 2022 GH¢20m 2. Share issued for cash GH¢30m 3. Cash dividend paid GH¢4m Prepare a cash flow statement for the year ended 2022.

Refer to the information for Cox Inc. above. What amount would Cox record as depreciation expense at December 31, 2020, if the double-declining-balance method were used? a. $187,200 b. $192,000 c. $195,200 d. $312, 000

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A8 plase help....

A2  Can you please show all steps.

P10.5A Journalise a series of equipment transactions related to purchase, sale, retirement, and depreciation At December 31, 2021. Grand Regency Limited reported the following as Non-current tangible assets: 4,000,000 16,400,000 June 11 July 1 Dec. 31 Land Buildings Less: Accumulated depreciation - buildings Equipment Less: Accumulated depreciation - equipment Total plant assets During 2022, the following selected cash transactions occurred. April 1 Purchased land for R2,130,000. May 1 (b) (c) (d) 28,500,000 12,100,000 48,000,000 5,000,000 Required: (a) 43,000,000 £63,400,000 Sold equipment that cost R750,000 when purchased on January 1, 2018. The equipment was sold for R450,000. Sold land purchased on June 1, 2012 for R1,500,000. The land cost R400,000. Purchased equipment for R2,500,000. Retired equipment that cost R500,000 when purchased on December 31, 2012. No salvage value was received. Prepare general journal entries the above transactions. The company uses straight-line…

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Why is depreciation and interest expense in the excel 300,000 if it states its 3 million?

A machine that produces cellphone components is purchased on January 1, 2024, for $112,000. It is expected to have a useful life of four years and a residual value of $10,000. The machine is expected to produce a total of 200,000 components during its life. distributed as follows: 40,000 in 2024, 50,000 in 2025, 60,000 in 2026, and 50,000 in 2027. The company has a December 31 year end. (a) Calculate the amount of depreciation to be charged each year, using each of the following methods: i. Straight-line method Straight-line method depreciation $ per year ii. Units-of-production method (Round depreciation per unit to 3 decimal places, e.g. 15.257 and depreciation expense to 0 decimal places, e.g. 125.) Units-of-production method depreciation S per unit

Subject: accounting