ACCOUNTING TUTOR ASSIGNMENT

1.

Land
Cash price of property IDR 300,000,000
Net removal cost for
warehouse IDR 20,000,000
Legal fee IDR 20,000,000
Commission fee IDR 75,000,000 +
Cost of land IDR 415,000,000

Particular D K
Land IDR 415,000,000  
Cash   IDR 415,000,000

2.

Truck
Cost IDR 110,000,000
Expected residual value IDR 5,000,000
Estimated useful life in
years 5

Depreciation
Year
1 IDR 44,000,000
2 IDR 26,400,000
3 IDR 33,440,000
4 IDR 30,624,000
5 IDR 31,750,400

Particular D K
Cash IDR 26,000,000  
Acc. Dep. Of equipment IDR 30,624,000  
Loss IDR 4,624,000  
Equipment   IDR 61,248,000
 Particular D K
New cost   IDR 120,000,000
Old cost IDR 79,376,000  
Total asset cost given   IDR 79,376,000
Profit   IDR 40,624,000

3.

Land and Building

Cash price of property-land IDR 225,000,000
Cost of land IDR 225,000,000 +
Cash price of property-building IDR 250,000,000
Cost of building IDR 250,000,000 +

Particular D K
Land IDR 225,000,000  
Cash   IDR 225,000,000
Equipment IDR 250,000,000  
Cash   IDR 250,000,000
Renovation expense IDR 40,000,000  
Cash   IDR 40,000,000

Land

Computation Annual End of year

Depreciation depreciation Acc.
Year Depreciable Cost rate expense Depreciation Book value
2018 IDR 225,000,000 5% IDR 11,250,000 IDR 11,250,000 IDR 213,750,000

Building

Computation Annual End of year

Depreciation depreciation Acc.
Year Depreciable Cost rate expense Depreciation Book value
2018 IDR 250,000,000 5% IDR 12,500,000 IDR 12,500,000 IDR 237,500,000