SA 150 Dashboard myModules my Admin (e) Provision for depreciation must still be provided for on vehicles at 20% per annum on the diminishing balance method and on furniture and fittings at 10% per annum on the diminishing balance method. No assets were acquired or disposed of during the year (0) On 1 October 20.19 the owner deposited R50 000 cash into the bank account of the business. The bookkeeper was Time le 045 44 accounts that will be affected by the transaction and he only recorded it in the bank account. (a) Money was deposited in a fixed deposit account at Splinter Bank on 31 December 20.18 for only one year. On 31 December 2019 when the investment matured only R40 000 was invested again for another year. The bookkeeper only made entries in the books of Wooden House Traders for the R40 000 that has been received and invested again. No other entries were made for the other R20 000 was received but has not been invested again Interest at a rate of 8% per annum must still be provided for on the faed deposit The amount for finance costs in the statement of profit or loss and other comprehensive income of Wooden House Traders for the year ended 28 February 20.20 will be Select one OA R16 875 OB R20 000 OC R5000 OD R22 500 OE RS 625 117 DOR 1312

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Brief Exercise 8-5 (Algo) Effect of the disposal of plant assets on the financial statements LO 8-5 Mix & Match Company sold office equipment with a cost of $48,600 and accumulated depreciation of $33,000 for $28,000 cash. Required: a. What is the amount of gain or loss on the disposal? b. How would the sale affect net income (increase, decrease, no effect)? c. How would the sale affect the amount of total assets shown on the balance sheet (increase, decrease, no effect)? d. How would the event affect the statement of cash flows (inflow, outflow, no effect)? a. b. Effect of sale on net income c. Effect of sale on total assets d. Effect of sale on statement of cash flows

MC Qu. 9-172 On January 1, 2018, Dunbar Echo Co. sells a machine fo... On January 1, 2018, Dunbar Echo Co. sells a machine for $25,800. The machine was originally purchased on January 1. 2016 for $46,700. The machine was estimated to have a useful life of 5 years and a residual value of $0. Dunbar Echo uses straight-line depreciation. In recording this transaction: Multiple Cholce a loss of $2220 would be recorded. a galn of $2.220 would be recorded. a loss of $20,900 would be recorded. a galn of $25..800 would be recorded. pe here to search W Trop storm warning 11:35 AM 8/21/2021 DELL

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Exercise 7-10A Determine depreciation for the first year under three methods (LO7-4) [The following information applies to the questions displayed below.] Super Saver Groceries purchased store equipment for $38,500. Super Saver estimates that at the end of its 10-year service life, the equipment will be worth $2,500. During the 10-year period, the company expects to use the equipment for a total of 12,000 hours. Super Saver used the equipment for 1,620 hours the first year. Required: Calculate depreciation expense of the equipment for the first year, using each of the following methods. (Do not round your intermediate calculations.) Exercise 7-1OA Part 2 2. Double-declining-balance. Depreciation expense e to search ASUS

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