FAC1601 ASSIGNMENT 1 SEMESTER 1 OF 2021
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FAC1601 ASSIGNMENT 1-SEMESTER 1 OF 2021 1 .4 2. 2 Calculation of interest expense ... R Interest mortgage-city bank(121 500* 9%) 10 935 Interst on long-term loan from mcgregor ( 50000 * 12% * 1000 = 11935 Total expense 3 1 Calculation of depreciation expense R Remaining vehicle (401 000- 60 000) – (40 000 – 24 000) * 25% 81 250 Sold vehicle ( 60 000- 24 000) * 25% 6750 Total depreciation 88 000 FAC1601 ASSIGNMENT 1-SEMESTER 1 OF 2021 1 .4 2. 2 Calculation of interest expense R Interest mortgage-city bank(121 500* 9%) 10 935 Interst on long-term loan from mcgregor ( 50000 * 12% * 1000 = 11935 Total expense 3 1 Calculation of depreciation expense R Remaining vehicle (401 000- 60 000) – (40 000 – 24 000) * 25% 81 250 Sold vehicle ( 60 000- 24 000) * 25% 6750 Total depreciation 88 000 [Show More]
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