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B Basic Bookkeeping - Level 2 Part 1 - Practical (60 marks) Instructions: Use the...

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Accounting

B Basic Bookkeeping - Level 2 Part 1 - Practical (60 marks) Instructions: Use the tables, statements, etc. in this section for all your entries. Capital Assets Answer the following independent situations in the space provided. Part A The Rourke Group bought a tractor on January 1, 2005 for $65,000. They use the declining balance depreciation method with a 30% rate. Calculate the depreciation for the years ended December 31, 2005 and December 31, 2006. 1. Depreciation Expense: December 31, 2005 65,000* 30% = 19.800 $19.500 2. Depreciation Expense: December 31, 2006 68.000 19.500 45,500 45.500 30% = 13,656 $13.650 (intel) CORE I5 6th Gen =
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65...+17.5%45.50045.50030%=13.65 $13.650

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