Corporate Reporting

ACC00713 Corporate Reporting
Assignment 1

SOUTHERN CROSS UNIVERSITY
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STUDENT NAME:
STUDENT ID. NO.
UNIT NAME:
UNIT CODE:
TUTOR'S NAME:
ASSIGNMENT NO.
ASSIGNMENT TITLE:
DUE DATE:
DATE SUBMITTED:

MAX KELLY GREER
21860641
CORPORATE REPORTING
ACC00713
CHRISTOPHER HUDSON
ONE
ONE
26-Feb-12
20-Feb-12

Declaration:
I have read and understand the Rules relating to Awards (Rule 3.17) as contained in the University Handbook.
I understand the penalties that apply for plagiarism and agree to be bound by these rules. The work I am submitting electronically is entirely my own work.
Signed:
Date:

MAX KELLY GREER
20th February 2012

Max K Greer
21860641

ACC00713 Corporate Reporting
Assignment 1

QUESTION ONE
1 July 2010 Part A
Cash
(Purchase of Part A)

800,000
800,000

30 June 2011 Depreciation Expense
Accumulated Depreciation
(Record depn @ 800,000/4 useful life)

200,000

30 June 2011 Accumulated Depreciation
Part A

200,000

Part A
Revaluation Increment (Gain)
(Revalue Part A to $690,000)

200,000

200,000
90,000
90,000

1 July 2010 Part B
Cash
(Purchase of Part B)

500,000
500,000

30 June 2011 Depreciation Expense
100,000
Accumulated Depreciation
(Record depn @ 500,000/5 useful life)
30 June 2011 Accumulated Depreciation
Part B
Revaluation Decrement (Loss)
Part B
(Revalue Part B to $360,000)

30 June 2012 Depreciation Expense
Accumulated Depreciation
(Record depn @ 690,000/3 useful