livette ltd is developing a detalied plan for next year and expects to have the
ID: 2669157 • Letter: L
Question
livette ltd is developing a detalied plan for next year and expects to have the following fixed asset accounts by the end of this year (000).gross 45,789
accumulated dep. (26,328
net fixed assets 19,461
the capatial plan already completed calls for expenditures of 7,042,000 on new equipment next year,which will be depricated straight line over a 10 year peroid without a half year convention. assets currently on the books will depricate by 4,258,000 next year develop livetree's ending fixed asset balances for the planned year.
Explanation / Answer
livette ltd is developing a detalied plan for next year and expects to have the following fixed asset accounts by the end of this year (000).
gross 45,789
accumulated dep. (26,328
net fixed assets 19,461
the capatial plan already completed calls for expenditures of 7,042,000 on new equipment next year,which will be depricated straight line over a 10 year peroid without a half year convention. assets currently on the books will depricate by 4,258,000 next year develop livetree's ending fixed asset balances for the planned year.
Depreciation on new asstes= 7 042 000/10 =7 042 000
Depreciation on oldasstes=---------------------4,258,000
Total--------------------------------------------------4,962,000
assets
begin
add
end
gross
45,789,000
7,042,000
52,831,000
depreciation
26,328 000
4,962,200
31,290,200
net
19,461,000
2,079,800
21,540,800
assets
begin
add
end
gross
45,789,000
7,042,000
52,831,000
depreciation
26,328 000
4,962,200
31,290,200
net
19,461,000
2,079,800
21,540,800
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