[vazhoor]

@vazhoor said:
Sir, I have a doubt in a question where it provides following figures of unadjusted trial balance:
Shop equipment at cost Debit $42,750
Shop equipment Accumulated. depreciation Credit $13,500
Motor vehicle at cost Debit $20,600
Gain on sale of vehicle Credit $1,006
Motor vehicle Expense Debit $2,384

Calculate and post the depreciation2018 into the adjusted trial balance with the following information:
• The shop equipment was purchased on 1 April 2015 for $42,750 and is being depreciated on a straight-line basis over 5 years with an estimated residual value of $12,750
.
• A new business vehicle was purchased on 1 September 2017 and will be depreciated using a 30% diminishing-value rate with nil residual value.

Sir, can you please tell me the adjusted trial balance.

Sir the year ending is 31-03-2018

[vazhoor]

Sir, I have a doubt in a question where it provides following figures of unadjusted trial balance:
Shop equipment at cost Debit $42,750
Shop equipment Accumulated. depreciation Credit $13,500
Motor vehicle at cost Debit $20,600
Gain on sale of vehicle Credit $1,006
Motor vehicle Expense Debit $2,384

Calculate and post the depreciation2018 into the adjusted trial balance with the following information:
• The shop equipment was purchased on 1 April 2015 for $42,750 and is being depreciated on a straight-line basis over 5 years with an estimated residual value of $12,750
.
• A new business vehicle was purchased on 1 September 2017 and will be depreciated using a 30% diminishing-value rate with nil residual value.

Sir, can you please tell me the adjusted trial balance.

[Author]

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