Re: ::: vuaskari.com ::: CS101_MGT101_MGT301_MGT501_MGT503_MTH302_MCM301_MGT211_ECO404_FIN611-ACC501 Kindly Share ur Assignments and gdb solution provided by teacher

mgt101 assignments 

GDB solution 1

Cash	+Debtors	+ Stock	+ Building	+ Furniture	+ Other Fixed Assets	= Creditors	+Owner's Equity
5000 +30000	7500	15500	75000	3500	18500	50000 +30000	75000
35000						80000

GDB solution 2

Working No 1

Paid cash for machinery purchase

List price of machinery	50000
Less 2% discount	(500000*2/100) =10000
Paid Cost for machinery Purchase	490000

 

Working No 2

(1)   The cost of the asset to be capitalized for balance sheet purpose:

 

Cost paid to purchase machinery	490000
Add transportation expense	20000
Add insurance in transit	5000
Add installation expense	35000
Cost of asset to be capitalized for balance sheet	550000

 

 (2) The annual depreciation expense for year 20X3under straight line depreciation:

Depreciation Expense under Straight Line method =cost-residual value/n

= 550000 – 50000 / 10

= 500000 / 10

= 50000.Rs

 

Working No 3

(2)   The annual depreciation expense for year 20X4under declining balance method.

Formula is:

Rate = 1 – n RV / C

Where:

"RV" = Residual Value

"C" = Cost

"n" = Life of Asset

Put the value:

Depreciable Cost 550000

Depreciation Rate= 1-n RV/c

Depreciation Rate=1-10 50000/550000

Depreciation Rate=1-10 .09090909

Depreciation Rate=1-.78

Depreciation Rate=22%

 

Year	Particular	Depreciation	Written Down  value
	Depreciable Cost		Rs.550000
20x3	550000 x 22%	121000	429000
20x4	429000 x 22%	94380	334620

 

 

A-O-A 

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Admin Binish

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http://www.youtube.com/watch?v=wWFpbftNMak

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