Oct/Nov 2009 Varient 2, Question 2(a)(iii) and (iv)
(iii) dey r basic prov for dep a/c, only da depreciation has 2 b found.For which straight line method is used.
F&E a/c(find dep charge using 2008 values)
2970*X%=297
X=10%
M.V a/c
1800*X%=450
X=25%
To find da amount 2 b transferred 2 da P&L a/c,use da closing bal of asset account.
Likewise find da dep charged on disposed assets & create da A/c.