cameroon gce intermediate level ohada financial reporting 1
cameroon gce intermediate level ohada financial reporting 1
1. Using the following data, determine the amount of
capital;
Assets: Buildings F CFA 20,000,000; Stock F CFA
8,500,000; Cash F CFA 100,000
Liabilities: Supplier F CFA 3,000,000; Overdraft F
CFA 4,000,000.
| A | 21,100,000CFAF |
| B | 21,600,000CFAF |
| C | 32,400,000CFAF |
| D | 21,400,000CFAF |
An entity acquired transport equipment on
January1, 2015 for F CFA 5,000,000 and
depreciated it using the sum of year’s digit method
for 5 years. The depreciation for 2018 is ;
| A | 1,333,333CFAF |
| B | 1,000,000CFAF |
| C | 666,667CFAF |
| D | 10,000,000CFAF |
Two independent files are provided for you to treat on the depreciation of fixed assets as follows:
File 1: This relates to an industrial tool that was purchased at a cost of 20 272 500 CFAF (Incl. VAT) to be
depreciated under the straight line method over 5 years with a salvage value of 2 000 000 CFAF. This machine
was acquired on March 15, 2019 and brought into use on April 1, 2019.
File 2: This relates to the full situation of non-current assets of a business, presented with missing information
as follows:
