cameroon gce intermediate level ohada financial reporting 2
cameroon gce intermediate level ohada financial reporting 2
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:
| Nature of non-current assets | Brought-into use date |
Original cost (Excl. VAT) |
Rate | Annuity |
| Office automation equipment | Jan. 2, 2019 | 3 375 000 | ………?…….. | 337 500 |
| Office furniture | Jan. 2, 2019 | 2 200 000 | 5% | ………?…….. |
| Data processing equipment | Jan. 2, 2019 | ………?…….. | 20% | 650 000 |
