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Fixed Asset O/b on 01/01/2014-$200000. Asset revalued on 30/06/2014 -to $240000. Depreciation@ 10%.Amount of Additional Depreciation on 31/12/2014?

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Question added by Jijumon James , SENIOR ACCOUNTANT , BADR AL SAMAA HOSPITAL
Date Posted: 2015/01/09
FITAH MOHAMED
by FITAH MOHAMED , Financial Manager , FUEL AND ENERGY CO for transportion petroleum materials

I AGREE WITH ANSWER GIVEN BY MR FAWZY 

THE ADDITIONAL DEPRECIATION  =2000 $

FOR LAST  6  MONTHS 

Fawzy Ahmed Salim El-Shabiby
by Fawzy Ahmed Salim El-Shabiby , Accountant , Servtel Information, Security, and Telecommunication Network Limited

Ans: $2000

Working:200000*10%*6/12

                =10000

from1st July:240000*10%*6/12

                =12000

total depreciation:10000+12000=22000

If depreciation taken at constant value from1/1/14:200000*10%

                                                                                =20000

Increase==2000

Jijumon James
by Jijumon James , SENIOR ACCOUNTANT , BADR AL SAMAA HOSPITAL

Both $2000 and $2500 are acceptable.

How $2500? 

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