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calculation of depreciation (please help)

Forums › ACCA Forums › ACCA FA Financial Accounting Forums › calculation of depreciation (please help)

  • This topic has 0 replies, 1 voice, and was last updated 13 years ago by masum777.
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  • September 13, 2012 at 11:22 pm #47059
    masum777
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    • Topics: 3
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    2008- 1 january 960000
    2008-30 june cash purchase of plant 160000
    2008- 31 march transfer disposals 60000
    2008- 30 september disposals 55000
    2008 -31 december balance 924000

    charge depreciation at 20% straight line basis in the year of purchase not in the year of sale. All assests life not more than 5 years.

    what should be the depriciation charge for the year ended december 2008?

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