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# MGT101 Assignment No 2 Solution & Discussion Due Date:29-12-2011

Ittehad Silk Factory is engaged in the production of silk fabric of different types. Mr. Sultan
Ghani, one of the directors, bought latest embroidery machines for its newly established
embroidery unit for Rs. 2,450,000/- on 1st January 2011. The company depreciates
machinery @10% p.a. The machinery will be disposed off at the end of 5th year at Rs.
1,280,000/-. The accounts are closed on 31st December each year.

Required:
1. Prepare the Fixed Asset Schedule regarding machinery showing the columns
of Years, Cost, Depreciation charges, Accumulated depreciation and Written
down value for five years using the following methods separately:
a) Straight line method
b) Diminishing balance method
2. Calculate the profit or loss on the disposal of machinery under:
a) Straight line method
b) Diminishing balance method

a) Straight line method Calculations 10 Marks
b) Diminishing balance method 10 Marks
c) Calculation of Profit/Loss using a & b 3 +3 Marks
d) Formatting (Use of proper tables and titles) 4 Marks

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### Replies to This Discussion

For complete assignment please see the attcached file

Attachments:

assalamulaklum,

sir yaformatting  ko kassay handle karna ha, calculation by method i s easy but i dont know how to Formatting (Use of proper tables and titles) .can u helpe

yar ap muj ko online contect karo mean bta don ga ok

dont worry dear

03127231466

plz tell me 1280000is salvage value or disposal value .

dear abi is ka concept bohat lamba he tum online contect karo mean bta dong a dont worry to all

03127231466

janab students k pass itnay paisay kahan hote hen k cal krain ap f.b pe millain na

aoa ..

i need idea solution for mgt101

kindly guide me from from i can get the solution . because its not available on google as well

thanks alot

regards

amber

seriouslyyy ur waiting for sum1 else to do it for u ...com on its simple n easy:S

mrs, have you completed your asignment, then pleas give me idea solution.

Plx also  discuss solution....

plz any body help........

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