Find the rate of annual depreciation

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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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