[choonfah87]

can share how u all study f4?

so many story to memories? really only can pass by memories the story?

[choonfah87]

how u all study f4???

[choonfah87]

hi acca tutor how to study f4?

i have a poor memory………

[choonfah87]

800,000*`10 years*2%=160,000-1st 10 years depreciation
from 800,000 to 1000,000=200,000

dr cost 200,000
dr acc depreciaton 160,000
cr revaluation 360,000

1000,000/40 years=25,000 per year depreciation-2005 current year depreciation

[choonfah87]

lucky u help me. thanks again

[choonfah87]

thanks sir

[choonfah87]

31-12-07-30-06-08=1.5million*2%*6/12=15000
1 year depreciation-30,000
450,000/30,000=15 years
The stadium is revalued on 30/6/08 to $1,380,000
15+1/2 year-15.5 years
50-15.5=34.5 years
30.06-08-31/12/08=1380,000/34.5 years*6/12

[choonfah87]

for f3 just ignore tax

[choonfah87]

or we just ignore nbv information

just open asset account and accumlated depreciation account?

[choonfah87]

30 June 20X5-39,000

30 june x6-517,000-37000*5%=24000-

39000-24000=15000

37000-15000=22000 charge to income statement

[choonfah87]

i can get 53,000 for the asset account
i can get 193,000 for the acc dep a/c

how to get 53,000 ? can show me nbv account/disposal a/c

[choonfah87]

can show me the disposal a/c?

[choonfah87]

how u get 53000?

[choonfah87]

building usually have 50 years of useful life.

800,000*2%*10 years=160,000
800,0000 revaluation 1000,000=200,000
dr cost cr revaluation=200,000
dr accumlated depreciation cr revaluation=160,000
dr depreciation=1000,000/40=25,000-current year depreciation

[choonfah87]

any acca tutor?

[choonfah87]

do revision kit-confirm pass

[choonfah87]

warhousing cost=distribution expense

[choonfah87]

cost of purchase less trade discount less carriage inward packing cost

warhousing cost=other expense

[choonfah87]

i know how to do already. thanks.

decrease in allowance is income CR

gross profit=40400

add other income
decrease in allowance 120
bank interest 270
total income 40790
less expense
rental expense 3200
sunday expense 13900
net profit 23690

[choonfah87]

IAS 16 at which page?

[choonfah87]

find profit.

should sales less cost of sales=gross profit

gross profit less expense=net profit

[choonfah87]

any rules Fixed Asset Capitalisation y maintenance not include?

[choonfah87]

answer is C

first step-allowance for receivable 12460 bal b/d-1 dec 2007
2nd step determine allowance for receivable nov-2008-598600*2%=11972
reduce in allowance=DR allowance for receivable CR income statement
12460-11972=488 CR
bad debt recovered DR cash cr bad debt recovered-635 CR
488+635=1123 CR

[choonfah87]

838,000-72000=766,000

766,000-60,000=706,000

answer is B

[choonfah87]

thanks sir have a nice day.

[Author]

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