Page 262 - F3 -FA Integrated Workbook STUDENT 2018-19

Chapter 19

Illustration 1 cont.

Solution:

Ledger account approach:

Property, plant and equipment
$ $

(3)
(1)
Balance b/f: 33,800 Depreciation 7,200
(4)
(2)
Revaluation in year 5,350 Disposal at CA 900
(1)
(5)
Cash paid ß 12,150 Balance c/f: 43,200
——— ———
51,300 51,300
——— ———

Balance b/f: 43,200

Schedule approach:

$
(1)
Balance b/f 33,800
(2)
Revaluation in year 5,350
(3)
Depreciation (7,200)
(4)
Disposal at CA (900)
(5)
Cash paid ß 12,150
———
(1)
Balance c/f 43,200
———

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