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150 units were consumed in current month. Calculate cost of consumed materials using FIFO method.

^ Company bought production machinę (need assembly, company ciassifies costs by type & function) with right to production of screws for 20 000 $ + VAT 22 % (right value 5 000 + VAT). Invoice for assembly 5 000 $ + VAT lnvoice for transport of machinę 2 000 $ + VAT Payments will be madę in 30 days. Machinę & right were commissioned for use. Economic Life - 5 years (machinę & right). Residual value of machinę 100 S. Residua! value of right 0 $. Calculate machinę’s depreciation for current month using reducing balance method (constant factor is 2.0). Calculate depreciation of right for current month using straight-line method Record transactions in accounts.

" Production machinę was given for scrapping Initial cost 50 000 $ Accumulated depreciation 15 000 $. Iiwoice for scrapping 2 000 S + VAT (Payment by transfer). Record transaction in accounts. Presentjransaction in profit / loss statement.

Cost of acquisition of machinę is 100 000 $. Accumulated depreciation is (after second year) 30 000 $. Economic iife - 6 years. Residual value is 10 000 $. Current net selling orice 76 000 $ Direct selling costs 1000 $. Futurę cash flows 25 000 $ for each year. Discount ratę 5 %. Test machinę for impairment loss.

Company bought freehold land for 100 000 $ (long-term investment. payment in 6 months).

The land is revalued to 150 000 $ in year 3 and to 90 000 $ in year 5. This land is not depreciated Record transactions in accounts. Present transactions in profit / loss statement. Calculated salaries of directly production employees 35 000 $ (gross pay). National nsurance contributions paid by employer 25 % National insurance contributions paid by employee 20 %. Income tax 18 %. Calculate net pay. Record salaries in accounts.

Company bought Computer for 20 000 $ + VAT 22 %. Payment was madę in cash. Present i transaction in cash flow statement (direct method).

Company bought goods for 50 000 $ + VAT 22 % (payment in 60 days). Goods were