| |
Solution 9.8
|
DR |
Equipment
Account |
CR |
|
|
|
€ |
|
|
€ |
|
1/1/03 |
Bank
a/c |
22,000 |
|
|
|
|
1/10/03 |
Bank
a/c |
10,000 |
31/12/03 |
Bal
c/d |
32,000 |
|
|
|
32,000 |
|
|
32,000 |
|
1/1/04 |
Bal
b/d |
32,000 |
1/10/04 |
Disposal
a/c |
8,000 |
|
|
|
|
31/12/04 |
Bal
c/d |
24,000 |
|
|
|
32,000 |
|
|
32,000 |
|
1/1/05 |
Bal
b/d |
24,000 |
|
|
|
|
DR |
Provision
for Depreciation of Equipment Account |
CR |
|
|
|
€ |
|
|
€ |
|
31/12/03 |
Bal
c/d |
3,200 |
31/12/03 |
P
& L a/c |
3,200 |
|
1/10/04 |
Disposal
a/c |
800 |
1/1/04 |
Bal
b/d |
3,200 |
|
31/12/04 |
Bal
c/d |
4,800 |
21/12/04 |
P
& L a/c |
2,400 |
|
|
|
5,600 |
|
|
5,600 |
|
|
|
|
1/1/05 |
Bal
b/d |
4,800 |
|
DR |
Disposal
Account |
CR |
|
|
|
€ |
|
|
€ |
|
1/10/04 |
Equipment
a/c |
8,000 |
1/10/04 |
Depreciation
a/c |
800 |
|
|
|
|
1/10/04 |
Bank
a/c |
5,000 |
|
|
|
|
1/10/04 |
P
& L a/c |
2,200 |
|
|
|
8,000 |
|
|
8,000 |
|
DR |
Fixtures
Account |
CR |
|
|
|
€ |
|
|
€ |
|
1/1/03 |
Bank
a/c |
30,000 |
31/12/03 |
Bal
c/d |
30,000 |
|
1/1/04 |
Bal
b/d |
30,000 |
|
|
|
|
1/7/02 |
Bank
a/c |
5,000 |
31/12/04 |
Bal
c/d |
35,000 |
|
|
|
35,000 |
|
|
35,000 |
|
1/1/05 |
Bal
b/d |
35,000 |
|
|
|
|
DR |
Provision
for Depreciation of Equipment Account |
CR |
|
|
|
€ |
|
|
€ |
|
31/12/03 |
Bal
c/d |
3,750 |
31/12/03 |
P
& L a/c |
3,750 |
|
|
|
|
1/1/04 |
Bal
b/d |
3,750 |
|
31/12/04 |
Bal
c/d |
8,125 |
31/12/04 |
P
& L a/c |
4,375 |
|
|
|
8,125 |
|
|
8,125 |
|
|
|
|
1/1/05 |
Bal
b/d |
8,125 |
|
DR |
Profit
& Loss Account (Extract) |
CR |
|
|
|
|
€ |
|
|
€ |
|
2003 |
Depreciation
- equipment |
3,200 |
|
|
|
|
2003 |
Depreciation
– fixtures |
3,750 |
|
|
|
|
|
|
|
|
|
|
|
2004 |
Disposal
loss |
2,200 |
|
|
|
|
2004 |
Depreciation
- equipment |
2,400 |
|
|
|
|
2004 |
Depreciation
– fixtures |
4,375 |
|
|
|
Balance
Sheet (Extract)
|
|
Cost
|
Accumulated
Depreciation |
Net Book Value |
|
|
€ |
€ |
€ |
|
2003 |
|
|
|
|
Equipment |
32,000 |
(3,200) |
28,800 |
|
Fixtures
|
30,000 |
(3,750) |
26,250 |
|
2004 |
|
|
|
|
Equipment |
24,000 |
(4,800) |
19,200 |
|
Fixtures
|
35,000 |
(8,125) |
26,875 |
|