Shop Fittings

can you help with this profit and loss question?

please if you know it make effort to answer i beg of you. ................................................................. debit .......credit accumulated depreciation - shop fittings .........................5,682 accumulated depreciation -office equipment ....................1,200 then i was given an additional notes that says: depreciation is charged on fixed assets as follows: office equipment -straight line method - 10% shop fittings - reducing balance method - 5% i know i have to relate those percentages to the profit and loss account data above how do you do that, i dont understand at all what should i do.

Public Comments

1. theres nowhere near enough information. *Firstly you havent stated what the question is. *Secondly I need to know either the original cost of those assets, or over how long the accumulated depreciation has been... accumulating. What I CAN advice is... 10% straight line means you take 10% of the original cost of the shop fittings PER YEAR, every year, so adjust if its not a year. reducing balance method means you take 5% of the (original cost of office equipment minus accumulated depreciation), every year this figure will be smaller.