Accountancy
(TANGIBLE FIXED ASSETS) :
Karga İşletmesi A vehicle with an estimated useful life of 5 years and an estimated residual value on 2 January 2019
bought his vehicle by paying 500.000 TL in cash. Equal share depreciation method for operating vehicles
Uses. In addition, the enterprise applies the revaluation model in all vehicles.
The fair value of this vehicle after deducting the sales costs on 31.12.2019 was 350,000 TL.
Again, the fair value of the relevant vehicle after deducting the sales costs on 31.12.2020 is TL 315,000.
It has been.
REQUESTS: For this vehicle using the revaluation model of Karga Enterprise
1.During 31.12.2019 regarding both depreciation and revaluation model
make all the necessary journal entries and record the company's Profit or Loss for 2019.
Table and its effects on the Balance Sheet dated 31.12.2019.
2. to make regarding both depreciation and revaluation model on 31.12.2020
make all the necessary daily book entries and make sure that the record you make is the company's 2020 Profit or Loss.
Table and its effects on the Balance Sheet dated 31.12.2020.
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