27.

3A
(a) Machinery A/C
2016 2016
1/1 Bank 2,800 31/12 Balance c/d 2,800
2017 2015
1/1 Balance b/d 2,800 31/12 Balance c/d 6,300
1. 10 Bank 3,500
6,300 6,300
2018 2018
1/1 Balance b/d 6,300
(b) Fixtures A/C
2016 2016
1/1 Bank 290 31/12 Balance c/d 910
1/7 Bank 620
910 910
2017 2017
1/1 Balance b/d 910 31/12 Balance c/d 1,040
1/12 Bank 130
1,040 1,040
2018 2018
1/1 Balance b/d 1,040
(c-1) Accumulated provision for depreciation: Machinery A/C
2016 2016
31/12 Balance c/d 420 31/12 Profit and loss A/C 420
2017 2017
31/12 Balance c/d 1,302 1/1 Balance b/d 420
31/12 Profit and loss A/C 882
1,302 1,302
2018 2018
1/1 Balance b/d 1,302
(c-2) Accumulated provision for depreciation: Fixtures A/C
2016 2016
31/12 Balance c/d 46 31/12 Profit and loss A/C 46
2017 2017
31/12 Balance c/d 96 1/1 Balance b/d 46
31/12 Profit and loss A/C 50
96 96
2018 2018
1/1 Balance b/d 96
Working paper : Calculate depreciation
2016
Cost of Machinery 2,800
depreciation (2800*15%) 420
Cost of Fixtures 910
depreciation (910*5%) 46
2017
Net book-value of Machinery (2800-420)+3500) 5,880
depreciation (5880*15%) 882
Net book-value of Fixtures (910-46)+130) 994
depreciation (910*5%) 50

(d) Statement of Financial Position (Extracts) for the year ending 31/12
$ $
2016 Machinery at cost 2800
less: Accumulated depreciation (420) 2,380
Fixtures at cost 910
less: Accumulated depreciation (46) 864
2016 Machinery at cost 6300
less: Accumulated depreciation (1,302) 4,998
Fixtures at cost 1040
less: Accumulated depreciation (96) 944