The exercises Non current Assets

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Exercise No. 1
in 01/01/2010 Al-melhem machine company imported from China worth $10,000 to the invoice and paid by the following expenses to become ready for use:

Charges $500
customs fees $300
sales tax $1,000
Installation Fee of $200
has been assessed and a lifespan of four years, worth $57,678 2000, 01/01/2012 the company to replace the old parts New Cut Costs 2800$ so i decided to estimate the productive life instead of four years to become 5years, in 01/01/2013 The company sold the machine worth 6000$, if I knew that the company used a fixed installment in the consumption of assets, and that the payments are all cash.

Registration required: consumption restrictions and other restrictions for all years.
The extraction of the net book value of the machine at the end of each year as reflected in the
way the solution:
First: The first year 2010:

1 01/01/2010 Registration is proof of the cost of the machine in the books, which was equal to the cost of purchase plus all the expenses spent until it is ready for use, which is equal to (10000 500 300 1000 200=12,000$)

debtor and creditor statement
12000 from h/machine
12000 to h/fund the
cost of the imported machine
2 at the end of the year 2010 31/12/2010 extraction is the share of consumption as follows:

Premium machine consumption = 12000 - 2000 = 2500
4
is the next entry in 31/12/2010:

debtor and creditor statement
by 2500 h/CP.machine consumption
2500 to h/consumption
consumption premium complex machine machine
3 and show the net book value of the machine in the list of the Financial Center The year 31/12/2010 as follows:

List the financial center for the year 2010 the
amount of assets, property rights and obligations in the amount of
fixed assets
12000 machine
(2500), the compound of the consumption of the Machine
9500
Total Assets Net Machine xxx xxx total obligations, property rights and
secondly: Second Year 2011:

1 in the second year of any 31/12/2011 check under consumption as in the first year bringing the total consumption compound equals (2500 2500=5000), reflected the net book value of the Machine 31/12/2011 as follows:

List the financial center for the year 2011 the
amount of assets, property rights and obligations in the amount of
fixed assets
12000 machine
(5000) Consumption Compound
Machine Net Machine 7000
xxx xxx total assets total obligations and property rights
III: The Third Year 2012:

1 01/01/2012 prove the registration under the purchase of the new parts which are downloaded to the cost of the machine is as follows: the

debtor The statement creditor
2,800 h/machine
2800 to h/fund the
purchase cost of the new parts of the Machine
2 31/12/2012 extraction is the new consumption premium as follows :

premium new consumption = (7000 2800) 2600 - 2000 =
3
is the next entry in 31/12/2012:

debtor and creditor
2600 statement of h/CP.machine consumption
2600 h/a compound machine consumption
consumption premium new machine
3 The net book value of the machine will appear in the list of the financial center until the date of 31/12/2012 are as follows:

List the financial center for the year 2012 the
amount of assets, property rights and obligations in the amount of
fixed assets
14800 12000 machine(2800)
(7600) was initiated by complex


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