Record the transactions in the correct subsidiary Journals on 31 December 2011
Po te toowing accounts in the General Ledger
21
Accumolated Depreciation on Equipment
Asset inspecal
Degracias
25 Prof (Loss) on sale of Assels
Balance iClose of the accounts on 31 December 20.1)
show the note to the financial statement for Tangible Fixed assets
BRFORMATION
Balances on January 20.4.
Eugen
R34 600
Accumulated Depreciation on equipment
R16 600
2 Sold as old machine on 31 December 20.1 (cost price R18 000; accumulated
depreciation R 8300 on 1 January 20.1) on credit to D. Art for R 12 000.
8. Depreciation is provided at 10% p.a. on the diminishing balance method​
