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28)On Dec

Accounting

28)On Dec. 31 Furniture 12000 Accumulated Depreciation. : Furniture 6000 Adjustment at the year end Furniture depreciated Using D.D.B .Years of UL 8 years. New Furniture costing KD 4000 Purchased on 10/1 The Depreciation Expense for the Furniture isRequired to answer. Single choice.

-2000

-500

-750

-1500

.

29.On Dec. 31 Furniture 12000 Accumulated Depreciation. : Furniture 6000 Adjustment at the year end Furniture depreciated Using D.D.B .Years of UL 8 years. New Furniture costing KD 4000 Purchased on 10/1 The Furniture Accumulated Depreciation in the Balance Sheet isRequired to answer. Single choice.

-7500

-6000

-6500

-6750

.

30.On Dec. 31 Equipment 16000 Accumulated Depreciation. : Equipment 3000 Adjustment at the year end Equipment depreciated Using S.L.M. Years of UL 20 years. The Depreciation Expense for the Equipment isRequired to answer. Single choice.

-3000

-800

-650

-8000

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1)

The correct answers

750

Explaination

= depreciation os assets at the beginning o the year + depreciation for asset purchased during the year

= ((12000-4000-6000) *25%) + (4000*25%*3/12)

= 500+250

= 750

Note

depreciation rate = 1/n*2*100

= 1/8*2*100

= 25 %

Part 2)

The cprrect answer is

$ 6750

Explaination

Accumulated depreciation at end of year = beginning balance + depreciation expense during the year

= 6000+750

= 6750

Part 3)

The correct answer is

800

Explaination

depreciation under slm = cost / life

= 16000 / 20

= 800