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Cap 1 DEBK Exam question help!

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  • 24-10-2017 10:30pm
    #1
    lena.allez
    Registered Users Posts: 10 ✭


    Hi all,

    Don't know whether it is a right place to post, pls let me know if I did wrong. :P
    So I booked the DEBK exam date on Dec 9, now doing the DEBK toolkit questions.
    I came across some questions and would really appreciate if someone could give me some explanations.

    Question 2.13

    Attach.1

    My answer

    Attach.2


    Finally little question, when you have some questions knowing the CAH lectures not held frequently, where do you guys approach for help? Please please let me know if there happen to be a study group or sth to discuss questions. :D

    Thanks a million in advance

    Lena
    Tagged:


Comments

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    #2
    vg88
    Registered Users Posts: 466 ✭✭vg88


    Is it the figure of 8000 or CR/DR you're asking about?


  • Options
    #3
    chickenlicken2
    Registered Users Posts: 171 ✭✭chickenlicken2


    Cash: Why would you move it to bank. It was never lodged to the bank. Keep it in petty cash until it is lodged

    Depreciation: recheck your calculations, particularly the straight line depreciation


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    #4
    KungFuneral
    Registered Users Posts: 2 ✭KungFuneral


    Did you have any luck with this?
    I am getting the exact same answers you are and I cannot understand why the depreciation adjustment is coming through at 8,000 and not 10,000


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    #5
    vg88
    Registered Users Posts: 466 ✭✭vg88


    Depreciation 25% of 120,000 (Straight line) is 30,000, while depreciation of 25% of 88,000 (Reducing balance) is 22,000. 30,000-22,000 is 8000 in depreciation cost.


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