Australian Dollar Depreciation Bookkeeping Question

by Ash
(Perth)

Australian Dollar Depreciation

When the Australian dollar depreciates against the US dollar, what effect does this have on Australian exorters who export to the US?

How does it effect Australian concumers of goods imported from the US? what about the tourism industry in Australia?

Depreciation

We have recently taken over the year end acounting for a small Ltd Company and have a problem with the depreciation. One class had final year depreciation last year and was left with a slavage value NBV only. Should we carry this forward this year, or just write it off (it is under £10)?

The other class of fixed asset has approx £700 remaining but the client does not have a FA register or any details of past depreciation. The previous years accounts and figures show a 25% on cost charge. However the year to date figure does not compute that this was always the case. At this year end there is not a high enough NBV left for us to effect the same 25% on cost charge. Do we assume this NBV is also salvage value ? Can we effect a depreciation charge ?

Thanks for your help.

Depreciation

by Green Sangano
(Zimbabwe)

How do I calculate depreciation using the straight line method given the following information:

1 jan 2010 plant costing 240,000.00
30 june 2010 bought plant @ 160,000.00
30 march 2010 transferred to disposal account 60,000.00

calculate depreciation using the straightline method

DEPRECIATION ON COMPANY ASSETS

I HAVE SOME PROPERTY IN THE NAME OF MY PVT LTD CO. I RECEIVE RENT FROM THE SAME , TREATED SUCH INCOME AS INCOME FROM OTHER SOURCES . cAN I CLAIM DEPRECIATION IN pROFIT AND lOSS A/C ON SAID PROPERTY ?

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