Find the rate of annual depreciation

Assignment Help Cost Accounting

Reference no: EM13298336

X Ltd. Of Kaula Lumpur consigned 100 cases of goods to Mr. Y in penang. The consignment account appeared in the ledger ofX Ltd. Was shown below

	Cases	$		Cases	$
Goods on consignment	100	7,000	Goods on consignment
Bank- carriage		400	- Return	5	350
Bank- insurance		200	Consignee -sale	60	10,000
Bill receivable			Stock c/d	?	?
-Discount charge		25
Consignee
-warehouse charge		190
-selling expenses		120
-commission		500
Consignee
-bad debts		65

What is the value of unsold stock?

Question no=2

The total cost of a fleet of lorries is $ 180,00 and theresidual value after five years is $20,00. Using thediminishing balance method find the rate of annualdepreciation?

Reference no: EM13298336

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