Fundamentals of Accounting Case Study 2022
Added on 2022-10-13
18 Pages2451 Words40 Views
Running Head: FUNDAMENTALS OF ACCOUNTING
0
Fundamentals of Accounting
[Type the document subtitle]
(Student Name)
0
Fundamentals of Accounting
[Type the document subtitle]
(Student Name)
FUNDAMENTALS OF ACCOUNTING 1
Table of Contents
Part A.........................................................................................................................................2
Straight Line Method..............................................................................................................2
Diminishing Balance Method.................................................................................................2
Sum of Years Digits...............................................................................................................3
Units of Production.................................................................................................................3
Schedule showing total annual cost of operating the Machinery...........................................4
Schedule showing total annual cost of operating the Machinery...........................................4
Cash Flow...............................................................................................................................5
Part B..........................................................................................................................................6
Straight Line Method..............................................................................................................6
ADVANTAGES.................................................................................................................6
DISADVANTAGES...........................................................................................................6
Diminishing Balance Method:-..............................................................................................7
Advantages of Reducing Balance.......................................................................................7
Disadvantages of the Reducing Balance.............................................................................7
SUM of Years.........................................................................................................................7
Advantages of the sum years’ digits depreciation method.................................................7
Disadvantages of the sum years’ digits depreciation method.............................................8
Units of Production.................................................................................................................8
Advantages of units of production depreciation method....................................................8
Table of Contents
Part A.........................................................................................................................................2
Straight Line Method..............................................................................................................2
Diminishing Balance Method.................................................................................................2
Sum of Years Digits...............................................................................................................3
Units of Production.................................................................................................................3
Schedule showing total annual cost of operating the Machinery...........................................4
Schedule showing total annual cost of operating the Machinery...........................................4
Cash Flow...............................................................................................................................5
Part B..........................................................................................................................................6
Straight Line Method..............................................................................................................6
ADVANTAGES.................................................................................................................6
DISADVANTAGES...........................................................................................................6
Diminishing Balance Method:-..............................................................................................7
Advantages of Reducing Balance.......................................................................................7
Disadvantages of the Reducing Balance.............................................................................7
SUM of Years.........................................................................................................................7
Advantages of the sum years’ digits depreciation method.................................................7
Disadvantages of the sum years’ digits depreciation method.............................................8
Units of Production.................................................................................................................8
Advantages of units of production depreciation method....................................................8
FUNDAMENTALS OF ACCOUNTING 2
Disadvantages of units of production depreciation method................................................8
Part C..........................................................................................................................................9
References................................................................................................................................11
Disadvantages of units of production depreciation method................................................8
Part C..........................................................................................................................................9
References................................................................................................................................11
FUNDAMENTALS OF ACCOUNTING 3
Part A
MASTER
SON LTD
As
set
De
tai
ls Cost
Salvag
e
Life
(Years) Rate
1,100,00
0 100,000 10 10%
Straight
Line
Method
Formulas
Annual
Deprec
iation
Expens
e
(Cost-
Salvage)/
Life
Accum
ulated
Deprec
iation
Current
Year
Depreciat
ion +
Accumula
ted
Previous
Year
Depreciat
ion
Year
End
carryin
g
amoun
t
Cost -
Accumula
ted
Depreciat
ion
Year
Endin
g 30th
Annual
Deprecia
tion
Accum
ulated
Depreci
Year
End
carryin
Part A
MASTER
SON LTD
As
set
De
tai
ls Cost
Salvag
e
Life
(Years) Rate
1,100,00
0 100,000 10 10%
Straight
Line
Method
Formulas
Annual
Deprec
iation
Expens
e
(Cost-
Salvage)/
Life
Accum
ulated
Deprec
iation
Current
Year
Depreciat
ion +
Accumula
ted
Previous
Year
Depreciat
ion
Year
End
carryin
g
amoun
t
Cost -
Accumula
ted
Depreciat
ion
Year
Endin
g 30th
Annual
Deprecia
tion
Accum
ulated
Depreci
Year
End
carryin
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
Methods of Depreciation: Straight-Line, Diminishing Balance, Sum of Years Digits, and Units of Productionlg...
|5
|559
|74
Financial Accounting and Reporting - Reportlg...
|15
|3452
|48
Fundamentals of Accounting II: Case Studies and Depreciation Methodslg...
|11
|1795
|124
Accounting Practice Questions and Solutionslg...
|9
|1354
|316
Lease: Income tax payment and Leaselg...
|8
|875
|480
The Reduction in the Value of Assetslg...
|7
|1031
|237