Westonci.ca is the ultimate Q&A platform, offering detailed and reliable answers from a knowledgeable community. Explore thousands of questions and answers from a knowledgeable community of experts on our user-friendly platform. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.
Sagot :
Sure, let's break down the depreciation calculations for Dalehe San Bod's assets using the given reducing balance method and depreciation rates for each transaction.
### Depreciation Terms:
- Reducing Balance Method: Depreciation is calculated based on the remaining balance of the asset at the beginning of each period.
- Depreciation Period: The time from the purchase date to the end of the financial year (31 August 2008).
- Depreciation Rates:
- Machinery: 20% per year
- Motor Vehicles: 10% per year
- Computers: 10% per year
### Calculation of Depreciation:
#### 1. Motor Vehicle Purchased on 11 July 2006 for RM60,000
- Purchase Date: 11 July 2006
- Cost: RM60,000
- Depreciation Rate: 10% per year
- Depreciation Period: From 11 July 2006 to 31 August 2008
Step-by-Step Calculation:
1. Calculate the number of years from 11 July 2006 to 31 August 2008:
- From 11 July 2006 to 31 August 2008: Approximately [tex]\(2 + \frac{(August - July + Days from 11 to end of July)}{12}\)[/tex]
- Thus, number of years = [tex]\(2 + \frac{(1 + 20)}{12} = 2 + \frac{21}{12} \approx 2 + 1.75 = 2.08\)[/tex] years.
2. Apply the reducing balance formula:
- Remaining Balance = 60,000 (1 - 0.10)^2.08
Depreciation Amount:
[tex]\[ \text{Depreciation amount} = RM49,897.14 \][/tex]
#### 2. Machinery Purchased on 1 August 2006 for RM230,000
- Purchase Date: 1 August 2006
- Cost: RM230,000
- Depreciation Rate: 20% per year
- Depreciation Period: From 1 August 2006 to 31 August 2008
- Number of years = [tex]\(2\)[/tex] years (no additional months required)
Step-by-Step Calculation:
1. Remaining Balance = 230,000 (1 - 0.20)^2
Depreciation Amount:
[tex]\[ \text{Depreciation amount} = RM147,200.00 \][/tex]
#### 3. Computer Purchased on 20 November 2007 for RM8,700
- Purchase Date: 20 November 2007
- Cost: RM8,700
- Depreciation Rate: 10% per year
- Depreciation Period: From 20 November 2007 to 31 August 2008
Step-by-Step Calculation:
1. Calculate the number of years from 20 November 2007 to 31 August 2008:
- From 20 November 2007 to 31 August 2008: Approximately [tex]\( \frac{(Days from 20 November to end of November) + December to August}{12}\)[/tex]
Number of years = [tex]\( \frac{10}{30} + \frac{9}{12} = 0.03 + 0.75 \approx 0.78 \)[/tex] years.
2. Apply the reducing balance formula:
- Remaining Balance = 8,700 (1 - 0.10)^0.78
Depreciation Amount:
[tex]\[ \text{Depreciation amount} = RM8,038.98 \][/tex]
#### 4. Motor Vehicle Purchased on 14 May 2008 for RM80,000
- Purchase Date: 14 May 2008
- Cost: RM80,000
- Depreciation Rate: 10% per year
- Depreciation Period: From 14 May 2008 to 31 August 2008
Step-by-Step Calculation:
1. Calculate the number of years from 14 May 2008 to 31 August 2008:
- From 14 May 2008 to 31 August 2008: Approximately [tex]\( \frac{May to August}{12} = \frac{4}{12} \approx 0.33 \)[/tex] years.
2. Apply the reducing balance formula:
- Remaining Balance = 80,000 (1 - 0.10)^0.33
Depreciation Amount:
[tex]\[ \text{Depreciation amount} = RM77,920.30 \][/tex]
#### Summary of Depreciation Results:
1. Motor Vehicle (11 July 2006):
- Depreciation amount: RM49,897.14
2. Machinery (1 August 2006):
- Depreciation amount: RM147,200.00
3. Computer (20 November 2007):
- Depreciation amount: RM8,038.98
4. Motor Vehicle (14 May 2008):
- Depreciation amount: RM77,920.30
These calculations provide the depreciated values of the assets for Dalehe San Bod as of 31 August 2008.
### Depreciation Terms:
- Reducing Balance Method: Depreciation is calculated based on the remaining balance of the asset at the beginning of each period.
- Depreciation Period: The time from the purchase date to the end of the financial year (31 August 2008).
- Depreciation Rates:
- Machinery: 20% per year
- Motor Vehicles: 10% per year
- Computers: 10% per year
### Calculation of Depreciation:
#### 1. Motor Vehicle Purchased on 11 July 2006 for RM60,000
- Purchase Date: 11 July 2006
- Cost: RM60,000
- Depreciation Rate: 10% per year
- Depreciation Period: From 11 July 2006 to 31 August 2008
Step-by-Step Calculation:
1. Calculate the number of years from 11 July 2006 to 31 August 2008:
- From 11 July 2006 to 31 August 2008: Approximately [tex]\(2 + \frac{(August - July + Days from 11 to end of July)}{12}\)[/tex]
- Thus, number of years = [tex]\(2 + \frac{(1 + 20)}{12} = 2 + \frac{21}{12} \approx 2 + 1.75 = 2.08\)[/tex] years.
2. Apply the reducing balance formula:
- Remaining Balance = 60,000 (1 - 0.10)^2.08
Depreciation Amount:
[tex]\[ \text{Depreciation amount} = RM49,897.14 \][/tex]
#### 2. Machinery Purchased on 1 August 2006 for RM230,000
- Purchase Date: 1 August 2006
- Cost: RM230,000
- Depreciation Rate: 20% per year
- Depreciation Period: From 1 August 2006 to 31 August 2008
- Number of years = [tex]\(2\)[/tex] years (no additional months required)
Step-by-Step Calculation:
1. Remaining Balance = 230,000 (1 - 0.20)^2
Depreciation Amount:
[tex]\[ \text{Depreciation amount} = RM147,200.00 \][/tex]
#### 3. Computer Purchased on 20 November 2007 for RM8,700
- Purchase Date: 20 November 2007
- Cost: RM8,700
- Depreciation Rate: 10% per year
- Depreciation Period: From 20 November 2007 to 31 August 2008
Step-by-Step Calculation:
1. Calculate the number of years from 20 November 2007 to 31 August 2008:
- From 20 November 2007 to 31 August 2008: Approximately [tex]\( \frac{(Days from 20 November to end of November) + December to August}{12}\)[/tex]
Number of years = [tex]\( \frac{10}{30} + \frac{9}{12} = 0.03 + 0.75 \approx 0.78 \)[/tex] years.
2. Apply the reducing balance formula:
- Remaining Balance = 8,700 (1 - 0.10)^0.78
Depreciation Amount:
[tex]\[ \text{Depreciation amount} = RM8,038.98 \][/tex]
#### 4. Motor Vehicle Purchased on 14 May 2008 for RM80,000
- Purchase Date: 14 May 2008
- Cost: RM80,000
- Depreciation Rate: 10% per year
- Depreciation Period: From 14 May 2008 to 31 August 2008
Step-by-Step Calculation:
1. Calculate the number of years from 14 May 2008 to 31 August 2008:
- From 14 May 2008 to 31 August 2008: Approximately [tex]\( \frac{May to August}{12} = \frac{4}{12} \approx 0.33 \)[/tex] years.
2. Apply the reducing balance formula:
- Remaining Balance = 80,000 (1 - 0.10)^0.33
Depreciation Amount:
[tex]\[ \text{Depreciation amount} = RM77,920.30 \][/tex]
#### Summary of Depreciation Results:
1. Motor Vehicle (11 July 2006):
- Depreciation amount: RM49,897.14
2. Machinery (1 August 2006):
- Depreciation amount: RM147,200.00
3. Computer (20 November 2007):
- Depreciation amount: RM8,038.98
4. Motor Vehicle (14 May 2008):
- Depreciation amount: RM77,920.30
These calculations provide the depreciated values of the assets for Dalehe San Bod as of 31 August 2008.
Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Westonci.ca is here to provide the answers you seek. Return often for more expert solutions.
