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  • 2017-2020 BALANCE SHEET: Non-Current Assets

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    Francois Marcial
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    The documents show balance sheet information for non-current assets such as furniture, equipment, and machinery for the years 2017-2020. Depreciation expense and accumulated depreciation are also presented for adjusting entries. Non-current assets values decrease over time as depreciation is recorded against the assets using the straight line method.

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    DEPRECIATION

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    The documents show balance sheet information for non-current assets such as furniture, equipment, and machinery for the years 2017-2020. Depreciation expense and accumulated depreciation are also presented for adjusting entries. Non-current assets values decrease over time as depreciation is recorded against the assets using the straight line method.

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    Download as XLSX, PDF, TXT or read online from Scribd
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    12 views10 pages

    2017-2020 BALANCE SHEET: Non-Current Assets

    Uploaded by

    Francois Marcial
    The documents show balance sheet information for non-current assets such as furniture, equipment, and machinery for the years 2017-2020. Depreciation expense and accumulated depreciation are also presented for adjusting entries. Non-current assets values decrease over time as depreciation is recorded against the assets using the straight line method.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 10

    2017-2020 BALANCE SHEET

    NON-CURRENT ASSETS 2017 2018 2019 2020


    FURNITURE 500,000.00 500,000.00 500,000.00
    ACCU-FURNITURE 166,667.00 333,334.00 500,000.00
    FUR-CARRYING VALUE 333,333.00 166,666.00 -
    EQUIPMENT 300,000.00 300,000.00 300,000.00 300,000.00
    ACCU-EQUIPMENT 60,000.00 120000.00 180,000.00 240,000.00
    EQUI-CARRYING VALUE 240,000.00 180,000.00 120,000.00 60,000.00
    TOTAL NON-CURRENT ASSETS 573,333.00 346,666.00 120,000.00 60,000.00

    2018-2020 BALANCE SHEET


    NON-CURRENT ASSETS 2018 2019 2020
    FURNITURE 250,000.00 250,000.00 250,000.00
    ACCU-FURNITURE 42,174.00 88,174.00 134,174.00
    FUR-CARRYING VALUE 207,826.00 161,826.00 115,826.00
    MACHINERY 780,000.00 780,000.00 780,000.00
    ACCU-MACHINERY 106940.00 235,273.00 363,606.00
    MACH-CARRYING VALUE 673,060.00 544,727.00 416,394.00
    FIXTURES 120,000.00 120,000.00 120,000.00
    ACCU-FIXTURES 3,750.00 48,750.00 93,750.00
    FIX-CARRYING VALUE 116,250.00 71,250.00 26,250.00
    TOTAL NON-CURRENT ASSETS 997,136.00 777,803.00 558,470.00

    2019-2020 BALANCE SHEET


    NON-CURRENT ASSETS 2019 2020
    FURNITURE-JULY 120,000.00 120,000.00
    ACCU-FURNITURE 23,338.00 63,338.00
    FUR-CARRYING VALUE 96,662.00 56,662.00
    FURNITURE-OCT 350,000.00 350,000.00
    ACCU-FURNITURE 17,502.00 87,502.00
    FUR-CARRYING VALUE 332,498.00 262,498.00
    TOTAL NON-CURRENT ASSETS 429,160.00 319,160.00

    2020 BALANCE SHEET


    NON-CURRENT ASSETS 2020
    FIXTURES 220,000.00
    ACCU-FIXTURES 14,000.00
    FIX-CARRYING VALUE 206,000.00
    MACHINERY 680,000.00
    ACCU-MACHINERY 7,798.00
    MACH-CARRYING VALUE 672,202.00
    TOTAL NON-CURRENT ASSETS 878,202.00
    DEPRECIABLE AMMOUNT ANNUAL DEPRECIATION MONTHLY DEPRECIATION

    500,000.00 166,667.00 13,889.00


    300,000.00 60,000.00 5,000.00
    230,000.00 46,000.00 3,834.00
    770,000.00 128,333.00 10,694.00
    90,000.00 45,000.00 3,750.00
    120,000.00 40,000.00 3,334.00
    350,000.00 70,000.00 5,834.00
    210,000.00 42,000.00 3,500.00
    655,000.00 93,571.00 7,798.00
    ADJUSTIN
    2017-2020
    DATE ACCOUNT DEBIT CREDIT
    December 31,2017 DEPRECIATION EXPENSE 226,667.00
    ACCUMULATED DEPRECIATION-FURNITURE 166,667.00
    ACCUMULATED DEPRECIATION-EQUIPMENT 60,000.00

    DATE ACCOUNT DEBIT CREDIT


    December 31,2018 DEPRECIATION EXPENSE 226,667.00
    ACCUMULATED DEPRECIATION-FURNITURE 166,667.00
    ACCUMULATED DEPRECIATION-EQUIPMENT 60,000.00

    DATE ACCOUNT DEBIT CREDIT


    December 31,2019 DEPRECIATION EXPENSE 226,667.00
    ACCUMULATED DEPRECIATION-FURNITURE 166,667.00
    ACCUMULATED DEPRECIATION-EQUIPMENT 60,000.00

    DATE ACCOUNT DEBIT CREDIT


    December 31,2020 DEPRECIATION EXPENSE 226,667.00
    ACCUMULATED DEPRECIATION-FURNITURE 166,667.00
    ACCUMULATED DEPRECIATION-EQUIPMENT 60,000.00

    2019-2020
    DATE ACCOUNT DEBIT CREDIT
    December 31,2019 DEPRECIATION EXPENSE 40,840.00
    ACCUMULATED DEPRECIATION-FURNITURE 23,338.00
    ACCUMULATED DEPRECIATION-FURNITURE 17,502.00

    DATE ACCOUNT DEBIT CREDIT


    December 31,2020 DEPRECIATION EXPENSE 110,000.00
    ACCUMULATED DEPRECIATION-FURNITURE 40,000.00
    ACCUMULATED DEPRECIATION-FURNITURE 70,000.00

    2020
    DATE ACCOUNT DEBIT CREDIT
    December 31,2020 DEPRECIATION EXPENSE 21,798.00
    ACCUMULATED DEPRECIATION-FIXTURES 14,000.00
    ACCUMULATED DEPRECIATION-MACHINERY 7,798.00
    ADJUSTING ENTRIES
    2018-2020
    DATE ACCOUNT DEBIT CREDIT
    December 31,2018 DEPRECIATION EXPENSE 152,864.00
    ACCUMULATED DEPRECIATION-FURNITURE 42,174.00
    ACCUMULATED DEPRECIATION-MACHINERY 106,940.00
    ACCUMULATED DEPRECIATION-FIXTURES 3,750.00

    DATE ACCOUNT DEBIT CREDIT


    December 31,2019 DEPRECIATION EXPENSE 219,333.00
    ACCUMULATED DEPRECIATION-FURNITURE 46,000.00
    ACCUMULATED DEPRECIATION-MACHINERY 128,333.00
    ACCUMULATED DEPRECIATION-FIXTURES 45,000.00

    DATE ACCOUNT DEBIT CREDIT


    December 31,2019 DEPRECIATION EXPENSE 219,333.00
    ACCUMULATED DEPRECIATION-FURNITURE 46,000.00
    ACCUMULATED DEPRECIATION-MACHINERY 128,333.00
    ACCUMULATED DEPRECIATION-FIXTURES 45,000.00
    CREDIT

    42,174.00
    106,940.00
    3,750.00

    CREDIT

    46,000.00
    128,333.00
    45,000.00

    CREDIT

    46,000.00
    128,333.00
    45,000.00

    DEPRECIABLE AMMOUNT ANNUAL DEPRECIATION MONTHLY DEPRECIATION

    500,000.00 166,667.00 13,889.00


    300,000.00 60,000.00 5,000.00
    230,000.00 46,000.00 3,834.00
    770,000.00 128,333.00 10,694.00
    90,000.00 45,000.00 3,750.00
    120,000.00 40,000.00 3,334.00
    350,000.00 70,000.00 5,834.00
    210,000.00 42,000.00 3,500.00
    655,000.00 93,571.00 7,798.00
    Y DEPRECIATION

    13,889.00
    5,000.00
    3,834.00
    10,694.00
    3,750.00
    3,334.00
    5,834.00
    3,500.00
    7,798.00

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