Exercise 2 Financial Reporting June 09 – Please Help

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June 10, 2010 at 10:50 am #44586
william10
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Non current Assets
iv – working

Plant and equipment
-Owned (46800-12800-8500) = 25500 ok
-lease (20000-5000-5000) = 10000 here I do not know were the second 5000 is coming from – could someone help me
– contract (8000-2000) = 6000 ok
June 10, 2010 at 5:44 pm #63841
Anonymous
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Leased plant
CV @ acquire date on 01.04.2007:……………………………………….20,000
Accumulated depre to 31.03.2008:………………………………………..(5000)
Depreciation for the y/e 31.03.2009 (from 01/04/08-31/03/2009):…..(5000) = (20,000 x 25%)

CV @ 31.03.2009 = 10,000
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