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Questions and Answers
What is the total estimated output of the plant and equipment?
What is the total estimated output of the plant and equipment?
- 20 million units (correct)
- 25 million units
- 30 million units
- 15 million units
How many units were produced during the current period?
How many units were produced during the current period?
- 2 000 000 units
- 2 250 000 units
- 1 500 000 units
- 1 750 000 units (correct)
What is the method used to depreciate the plant and equipment?
What is the method used to depreciate the plant and equipment?
- Straight-line method
- Sum of the unit's method (correct)
- Double-declining balance method
- Reduction in value method
When was the plant and equipment purchased?
When was the plant and equipment purchased?
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What is the purpose of estimating the total output of the plant and equipment?
What is the purpose of estimating the total output of the plant and equipment?
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Study Notes
Depreciation of Plant and Equipment
- Depreciation method used: Sum of unit's method
- Total estimated output of the plant and equipment: 20 million units
- Units produced during the current period: 1 750 000 units
- Date of purchase of plant and equipment: Same date during the previous financial year
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