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1.    On 26 of July company bought materials for 1000$ + VAT 22% (100 units). On 27 of July company bought materials for 1100S + VAT 22% (100 units) (Payments in 30 days). 150 units were consumed in current month. Calculate cost of consumed materials using LIFO method.

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2.    Company bought computcr (need assembly, administrative cost, company classifies costs by typc&function) with software for 20000$ + VAT 22% (software value 5000$ + WAT). Invoice for assembly 5000 + VAT. Invoicc for loading and unloading Computer 2000$ + VAT. Payments will be madę in 30 days. Computer & software were commissioned for use. Economic lite - 5 years (computer&software). Residua! value of computcr 2000$. Residual valuc of software is 0$. Calculate computeris depreciation for current month using diminishing method. Calculate depreciation of software for current month using straight-line method. Record transactions in accounts.

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3.    lnvoice for sold car (payment - 3 months). Initial cost of car 60000$. Accumulated depreciation 10000$. Selling price 60000$ + VAT. Car's handcd to customer. Record transaction in accounts. Present transaction in profit/loss statement.

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4.    Cost of acquisition of machinę is 60000$. Accumulated depreciation (after first year) is 10000$. Economic life - 6 years. Residual valuc is 5000$. Current net selling price 66000$. Direct selling cost 1000$. Futurę cash flows 20000$ for each year. Discount ratę 5%. Test machinę for impairment loss.

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5.    Company bought freehold land for 100000$ (long-term investment, payment in 6 months). The land is revalued to 90000$ in year 3 and to 120000$ in year 5. This land is not depreciatcd. Record transactions in accounts. Present transactions in profit/loss statement.

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6.    Calculated salaries of directly production employccs 25000$ (gross pay). National insurance contributions paid by employer 25%. National insurancc contributions paid by employee 20%. Health insurancc 9%. Income tax 18%. Calculate net pay. Record salaries in accounts.

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7.    Company bought production machinę for 20000$ + VAT 22%. Payment was madę by transfer. Present transaction in cash flow statement (dircct method).

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8.    Company bought materials for 100000$ + VAT 22% (Payment in 30 days). Record price is 90000$. Materials were delivcred. Record transactions in accounts, present in balance, profit/loss statement, cash flow statement (both methods).