Solution
9.9
DR
|
Equipment
Account
|
CR
|
|
|
€
|
|
|
€
|
1/1/10
|
Bank
a/c
|
50,000
|
|
|
|
20/10/10
|
Bank
a/c
|
90,000
|
31/12/10
|
Bal
c/d
|
140,000
|
|
|
140,000
|
|
|
140,000
|
1/1/11
|
Bal
b/d
|
140,000
|
|
|
|
15/2/11
|
Bank
|
80,000
|
|
|
|
20/11/11
|
Bank
|
60,000
|
31/12/11
|
Bal
c/d
|
280,000
|
|
|
280,000
|
|
|
280,000
|
1/1/12
|
Bal
b/d
|
280,000
|
|
Disposal
|
30,000
|
20/3/12
|
Bank
|
120,000
|
31/12/11
|
Bal
c/d
|
370,000
|
|
|
400,000
|
|
|
400,000
|
1/1/13
|
Bal
b/d
|
370,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DR
|
Provision
for Depreciation of Equipment Account
|
CR
|
|
|
€
|
|
|
€
|
31/12/10
|
Bal
c/d
|
14,000
|
31/12/10
|
P
& L a/c
|
14,000
|
|
|
|
1/1/11
|
Bal
b/d
|
14,000
|
31/12/11
|
Bal
c/d
|
42,000
|
31/12/11
|
P
& L a/c
|
28,000
|
|
|
42,000
|
|
|
42,000
|
|
Disposal
|
6,000
|
1/1/11
|
Bal
b/d
|
42,000
|
31/12/11
|
Bal
c/d
|
73,000
|
31/12/11
|
P
& L
|
37,000
|
|
|
79,000
|
|
|
79,000
|
|
|
|
1/1/12
|
Bal
b/d
|
73,000
|
|
|
|
|
|
|
|
|
|
|
|
|
DR
|
Disposal
Account
|
CR
|
|
|
€
|
|
|
€
|
1/10/04
|
Equipment
a/c
|
30,000
|
1/10/04
|
Depreciation
a/c
|
6,000
|
|
|
|
1/10/04
|
Bank
a/c
|
20,000
|
|
|
|
1/10/04
|
P
& L a/c
|
4,000
|
|
|
30,000
|
|
|
30,000
|
DR
|
Income
Statement (P&L Extract)
|
CR
|
|
|
|
€
|
|
|
€
|
2010
|
Depreciation
- equipment
|
14,000
|
|
|
|
2011
|
Depreciation
– equipment
|
28,000
|
|
|
|
2012
|
Depreciation
– equipment
|
37,000
|
|
|
|
2012
|
Loss
on disposal
|
4,000
|
|
|
|
Statement
of Financial Position (Extract)
Non
Current Assets
|
Cost
|
Accumulated
Depreciation
|
Net
Book Value
|
|
€
|
€
|
€
|
2010
|
|
|
|
Equipment
|
140,000
|
(14,000)
|
126,000
|
2011
|
|
|
|
Equipment
|
280,000
|
(42,000)
|
238,000
|
2012
|
|
|
|
Equipment
|
370,000
|
(73,000)
|
297,000
|
|