Question

ス | El Help Center 01 Question 5 0/1 point BALANCE SHEET BEFORE THE CLOSING ENTRIES ASSETS SHAREHOLDERS 'EQUITY&UABIUITIES CUM. DEPR. GROSS AND VALUE ALLOW. NET VALUE EQUITY Share capital Retained earnings Temporary profit FIXED ASSETS ible Softwares 90 000 4000 36 520 iじ← 50000 50 000 | .50000 | Land Technical facilities Transport equipment IT equipment 50 000 PROVISIONS FOR RISKS 12000 - 100 000 100 000 80000 i 1.6000 .64000|UABİLITIES 60000 14 000 46 000 Loan 150 000 132 500 Accounts payable Equity securities 6000 1000 000 RENT ASSETS Stocks of GFR Accounts receivable 20 000 16 000 74 500 20 000 480 15 520 74 500 TOTAL 425 020 425 020 Indicate the amount of the cumulated depreciations at the closing date for the IT equipment, knowing that the company will use them during 5 years. 12,000

Answer 1

1) Beginning Accumulated Depreciation = 14,000

Add:Depreciation(60,000/5)= 12,000

Balance of cumulated depreciation= 26,000