Da hell help meh

[nacho]

Just did vcaa 08 and I'm a little stumped for question 1.4.2
firstly - in the ledgers they have three different dates:
Jan 1, sept 30 and July 1 - this is a dog move ...

Secondly I don't get how they calculated:
sept 30 - depreciation of shop fittings ($1100)

I got 1.4.1 right but I wasn't sure how to use that for this.
Any help greatly appreciated

[24309]

Shop fittings sold was on 30/9/09.....purchased for 4000 on the 1/1/07. This means they had these shop fittings for 33 months (2 years then an extra 9 months).

Dpn is at 400pa and 33.33pm. 33.33 x 33 = 1100 depreciation of shop fittings over its useful life.

[nacho]

Son of a gun nice

[abzzzz]

I just did 4000x10/100  then got the 400. 400x2.75 years and there you have it 

[nacho]

1.2.1 EXAM 2009
how did you calculate the cost of the pro leather balls?

What have i done wrong:

NRV : $60 - 7 - 5 = 48
why has VCAA not minused off the import duties?
NRV = Estimated selling price less any direct costs involved in the marketing, selling or distribution of the stock.
do import duties not fall in to any of those categories?

[abzzzz]

The cunts wana sell it for 60 now yeah? You don't minus the 7 bucks, that's a product cost, it's not a selling expense. It's 60 - 5 i think for the posters? which gives you 55.