cameroon gce intermediate level ohada financial reporting 2

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

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