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GeekInterview.com > Interview Questions > Accounting > Fixed Assets
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Question: Pass the correspondence Book entry
Answer: Company purchase one car on 01/01/2008, one new accounting package, and paid audit service charges. The cost of car is 20,000.00, accounting software is 6000.00 and audit fee is 3000.00 estimated depreciation is for tangible assets is 10 years and for intangible is 3 years. Pass the correspondence Book entry
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| October 10, 2008 08:55:06 |
#2 |
| vishu.143 |
Member Since: October 2008 Total Comments: 1 |
RE: Pass the correspondence Book entry
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| Car:Tangible | 20,000 | | | Accounting Software:Intangible | 6,000 | | | To account payable | | 26,000 | | | | | Audit Fees | 3,000 | | | To account payable | | 3,000 | | | | | Dereciation | | | | Dereciation:Car | 1,000 | | | Amortization:Software | 1,000 | | | To Accumulated Depreciation | | 2,000 |
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