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CHAPTER 29

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64 views2 pages

CHAPTER 29

Uploaded by

Hanie Iguid
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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CHAPTER 29

Problem 29-1
Cost 4,500,000
Less: Residual value 500,000
Depreciable amount 4,000,000

SYD 4(4+1/2) 10

Year Particular Depreciation Accumulated dep. Carrying amount


Acquisition cost 4,500,000
2023 4/10 x 4,000,000 1,600,000 1,600,000 2,900,000
2024 3/10 x 4,000,000 1,200,000 2,800,000 1,700,000

1.
Depreciation - 2023 1,600,000
Depreciation - 2024 1,200,000
Accumulated depreciation - 2024 2,800,000

2.
Carrying amount - 2023 2,900,000
Less: Depreciation - 2024 1,200,000
Carrying amount - 2024 1,700,000

Problem 29-2
Cost 3,300,000
Less: Residual value 300,000
Depreciable amount 3,000,000

SYD 5(5+1/2) 15

From April 1, 2023 - Mar. 31, 2024


(5/15 x 3,000,000) 1,000,000

From April 1, 2024 - Mar. 31, 2025


(4/15 x 3,000,000) 800,000

From April 1, 2025 - Mar. 31, 2026


(3/15 x 3,000,000) 600,000

From April 1, 2026 - Mar. 31, 2027


(2/15 x 3,000,000) 400,000

From April 1, 2027 - Mar. 31, 2028


(1/15 x 3,000,000) 200,000

1.
Depreciation - 2023
(1,000,000 x 9/12) 750,000

2.
Depreciation - 2024
(1,000,000 x 3/12) 250,000
(800,000 x 9/12) 600,000
Depreciation for year 2024 850,000

3.
Depreciation for year 2023 750,000
Depreciation for year 2024 850,000
Accumulated depreciation - 2024 1,600,000

Problem 29-3
Cost 1,100,000
Less: Residual value 200,000
Depreciable amount 900,000

SYD (5(5+1/2) 15

Year Particular Depreciation Accumulated dep. Carrying amount


Acquisition cost 1,100,000
2020 5/15 x 900,000 300,000 300,000 800,000
2021 4/15 x 900,000 240,000 540,000 560,000
2022 3/15 x 900,000 180,000 720,000 380,000
2023 2/15 x 900,000 120,000 840,000 260,000

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