Depreciation & Inventory valuation Report Writing - Accounting and Finance Assignment Help

Assignment Task:

Task:

Depreciation & Inventory valuation

1. Cost of Bus- Rs.800000

Salvage Value- 80000

Life of Asset- 6 years

Calculate

1. Depreciation using Straight Line and WDV Method
2. Prepare Depreciation Schedule for both methods

2. Feb 1. Beginning Inventory ----------20 units @ Rs.140

Feb 4 Purchases------------------------- 50 units @ Rs 142

Feb 7 Sales-------------------------------- 30 units

Feb 10 Purchases------------------------ 60 units @145

Feb 14 Sales------------------------------- 20 units

Feb 20 Purchases------------------------- 30 units @147

Feb 26 Sales-------------------------------- 40 units

Feb 29 Purchases-------------------------- 80 units @Rs.148

Required

Record the beginning Inventory and the transactions on a perpetual inventory card using

1. LIFO
2. FIFO
3. WAC

3. Problem 5.8 - Inventory page num- 207 -Financial Accounting -R.Narayanaswamy-6^th edition
4. The beginning inventory Purchases and Sales of Omega Company are as follows

   July 1st     Beginning Inventory ------30 Units @ Rs.80

          4th      Purchases                       50 units @ Rs. 82

          8th      Sales                               45 units

          12th     Purchases                      70 units @ 90

         17th      Sales                              90 units

         24th      Purchases                      100 Units @ 100

         27th      Sales                              85 units

          30th     Purchases                      105 units @ 120 

Required

Record the beginning Inventory and the transactions on a perpetual inventory card using

1. FIFO
2. LIFO
3. WAC

This Accounting and Finance Assignment has been solved by our Accounting and Finance  Experts at My Uni Paper. Our Assignment Writing Experts are efficient to provide a fresh solution to this question. We are serving more than 10000+Students in Australia, UK & US by helping them to score HD in their academics. Our Experts are well trained to follow all marking rubrics & referencing style.

Be it a used or new solution, the quality of the work submitted by our assignment Experts remains unhampered. You may continue to expect the same or even better quality with the used and new assignment solution files respectively. There’s one thing to be noticed that you could choose one between the two and acquire an HD either way. You could choose a new assignment solution file to get yourself an exclusive, plagiarism (with free Turnitin file), expert quality assignment or order an old solution file that was considered worthy of the highest distinction.