Solution 9.7
|
DR |
Office Equipment Account |
CR |
|||
|
|
|
€ |
|
|
€ |
|
1/1/02 |
Bal b/d |
100,000 |
|
|
|
|
2002 |
Bank a/c |
25,000 |
|
|
|
|
2002 |
Bank a/c |
35,000 |
31/12/02 |
Bal c/d |
160,000 |
|
|
|
160,000 |
|
|
160,000 |
|
1/1/03 |
Bal b/d |
160,000 |
|
|
|
|
DR |
Provision for Depreciation of Equipment Account |
CR |
|||
|
|
|
€ |
|
|
€ |
|
|
|
|
1/1/02 |
Bal b/d |
50,000 |
|
31/12/02 |
Bal c/d |
82,000 |
31/12/02 |
|
32,000 |
|
|
|
82,000 |
|
|
82,000 |
|
|
|
|
1/1/03 |
Bal b/d |
82,000 |
|
DR |
Profit & Loss Account (Extract) |
CR |
|||
|
|
|
€ |
|
|
€ |
|
31/12/02 |
Depreciation |
32,000 |
|
|
|
Balance Sheet (Extract)
|
|
Cost
|
Accumulated Depreciation |
Net Book Value |
|
|
€ |
€ |
€ |
|
Office equipment |
160,000 |
(82,000) |
78,000 |
|
|
|
|
|