FAC2601 Assignment 2 Semester 1 2022

FAC2601 Assignment 2 Semester 1 2022 by S - The study-notes marketplace © TutorA All rights reserved QUESTION 1 BELL CREST LTD NOTES TO NON-CURRENT ASSETS Property, plant and equipment Land Buildings Plant and machinery Delivery vehicle Furniture and equipment Carrying amount at the beginning of the year 480 000 Gross carrying amount 3 733 333 (5) 84 615 (12) 600 000 Accumulated depreciation - (175 000) (2) (1 633 333) (6) (29 615) (13) (120 000) Additions at cost 70 000 (14) Disposals (958 333) (9) (45 128) (16) Depreciation (49 469) (3) (189 714) (8) (15 289) (17) (60 000) (1Depreciation capitalised 17 579 (17 579) Revaluation 50 000 (1) Carrying amount at the end of the year 420 000 Gross carrying amount Accumulated depreciation