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Assessment 3
Task 2
Gym Jams Manufacturing needs to produce a detailed asset register and calculate the depreciation for the year 30/6/19. Prepare the detailed asset register using Straight Line Method of depreciation for 5 years for each asset, calculate the depreciation. Please note, the first two assets have already been entered into the asset register.
- Purchased 1/7/16 Brother Sewing machine model TZX for $15,000 excluding GST.
- Purchased 1/7/17 Brother Sewing machine model 8XKL for $8,300 excluding GST.
- Purchased 1/7/17 Xerox Sewing machine model KS201 for $7,950 excluding GST.
- Purchased 1/1/18 Janome Sewing machine model KS889 for $4,600 excluding GST.
- Purchased 1/7/18 Singer Sewing machine model JJ909 for $6,800 excluding GST.
- Purchased 1/7/18 Xerox Overlocking machine model KS259 for $7,000 excluding GST.
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