ACY(case_study)-min
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ii) Show the depreciation table for the building and HILUX<br />
considering that the building life span is 10years and is<br />
depreciated using a reducing balance method. Show the journal<br />
entry for depreciation for 31/12/2011.<br />
iii) Record the disposal of the HILUX as stated by <strong>case</strong> 4 <strong>min</strong>dful<br />
that the transaction is an extra ordinary activity and is not liable<br />
for VAT and shoe the journal entries for the movement of the<br />
bill of exchange.<br />
iv) Prepare the amortization table for the loan in <strong>case</strong> five with<br />
reimbursement by constant annuity.<br />
v) Show the journal entry for the loan contract<br />
vi) The adjustment entry in relation to the loan at 31/12/2011.<br />
END OF YEAR WORK<br />
The extract of NDASSA PLC trial balance as at 31/12/2009 before stock<br />
taken.<br />
FCFA<br />
4162 Doubtful customers 775125<br />
4912 Provision for doubtful customers 280000<br />
5022 Quoted security 6420000<br />
590 Impairment loss on security 1276500<br />
The statement of doubtful irrecoverable and litigious credit is given<br />
below:<br />
Customer Credit tax Provision as at Settlement Observation as at<br />
inclusive 31/12/2008<br />
31/12/2009<br />
Fai 238500 60% 178875 For goods<br />
Moma 417375 10% 59625 Hope to recover<br />
65%<br />
Ebot ? ? ? Carry provision to<br />
40%<br />
Ivy 596250 (1)
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