CAF-05 Property, Plant and Equipment (Lecture 10)

Question-1
Dr. Plant and Machinery A/C Cr.
1.1.09 b/d 500,000 1.3.09 Disposal 190,000
1.5.09 Cash 90,000
1.9.09 Cash 120,000 31.12.09 c/d 520,000
Dr. Accumulated Depreciation – P and M A/C Cr.
Disposal (W-2) 30,083 1.1.09 b/d 170,000
31.12.09 c/d 184,084 Dep. Exp (W-1) 44,167
Dr. Vehicle A/C Cr.
1.1.09 b/d 900,000 1.6.09 Disposal 40,000
31.12.09 c/d 860,000
Dr. Accumulated Dep. A/C - Vehicle Cr.
1.6.09 Disposal 11,000 1.1.09 b/d 300,000
31.12.09 c/d 376,667 Dep. Exp 87,667

Required: Prepare a note of PPE / disclosure of PPE / fixed asset schedule from the above ledgers.
Solution # 1:
CAF-05 Property, Plant and Equipment (Lecture 10)
Question-2
Dr. Machinery account – At cost Cr.
1.1.2019 b/d 52,950 Disposal 2,800
1.3.2019 Cash 2,480 31.12.19 c/d 52,630
Dr. Machinery account – Accumulated depreciation a/c Cr.
Disposals (W-2) 887 1.1.19 b/d 28,350
31.12.19 c/d 32,708 Depreciation (W-1) 5,245
Dr. Office furniture account – At cost Cr.
1.1.2019 b/d 2,860
1.3.2019 Cash 320 31.12.19 c/d 3,180
Dr. Office furniture account – Accumulated depreciation a/c Cr.
1.1.19 b/d 1,490
31.12.19 c/d 1,646 Depreciation (W-3) 156
Required: Prepare a note of PPE / disclosure of PPE / fixed asset schedule from the above ledgers.
Solution # 2: