27.

15A
(a) Lorries A/C
2016 2016
1/4 Balance b/d (A+B+C) 99,600 1/6 Lorry disposal A/C (lorry-B) 19,600
7. 6 Bank (lorry-D) 32,800 21/8 Lorry disposal A/C (lorry-A) 31,200
30/10 Bank (lorry-E) 39,000 2017
2017 6/3 Lorry disposal A/C (lorry-E) 39,000
6/3 Lorry disposal A/C (lorry-F) 37,600 31.3 Balance c/d 119,200
209,000 209,000
2017 2017
1/4 Balance b/d 3,800
(b) Accumulated provision for depreciation: Lorries A/C
2016 2016
1 .6 Lorry disposal A/C 7,840 1/4 Balance b/d 42,560
21. 8 Lorry disposal A/C 24,960 2017
31/3 Balance c/d 33,600 31/3 Profit and loss A/C 23,840
66,400 66,400
2017 2017
1/4 Balance b/d 33,600
Lorry disposal A/C
2016 2016
1/6 Lorries A/C (lorry-B) 19,600 1/6 Accumulated depreciation A/C 7,840
21. 8 Lorries A/C (lorry-A) 31,200 1/6 Bank A/C 10,500
2017 21/8 Accumulated depreciation A/C 24,960
6/3 Lorries A/C (lorry-E) 39,000 21/8 Bank A/C 7,000
6/3 Lorries A/C 37,600
31/3 Profit and loss A/C (loss) 1,900
89,800 89,800

Working paper (1) : Calculate depreciation

assets Year ended depreciation rate Dep year
lorry (A) 31/3/2013 31,200*20% 6,240
lorry (A) 31/3/2014 31,200*20% 6,240
lorries (A) + (B) 31/3/2015 50,800*20% 10,160
lorries (A) + (B) + (D) 31/3/2016 99600*20% 19,920
Balance b/d 1/4/2016 42,560
lorries (C) + (D) + (F) (Profit and loss A/C) 31/3/2018 119200*20% 23,840
Working paper (2) : Calculate depreciation for lorry disposal
Assets disposal Depreciation Dep year
lorry (A) (Bought in 21/5/2012 and sold in 21/8/2016) 31,200*20%*4 years 24,960
lorry (B) (Bought in 20/6/2014 and sold in 1/6/2016) 19,600*20%*2 years 7,840