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1. Trial Balace Exercise 6
Additional Information
4) Computer equipment is depreciated under the Reducing Balance method at 30% p.a.
The building is depreciated under Straight Line method with a scrap value of $1000 and useful life of 40 years.
Reducing Balance Method Formular =
(Cost - Accumulated Depreciation) X ??% p.a.
(76900 - 13700) X 30% =
18960
Straight Line Method Formular =
(Cost - Scrap value) / ?? Years
(49000- 1000) / 40years =
1200
