THE COMPANY PROFESSOR ANGEL NOW I WANT TO EAT SUSHI, ASKS YOU TO MAKE THE ACCOUNTING ENTRIES FOR EACH OF THE FIXED ASSET TRANSACTIONS AND THEIR DEPRECIATION. ➢ THE COMPANY MAKES A PURCHASE OF FIXED ASSETS FOR $25,000,000 NET VALUE. ➢ THE ACQUISITION DATE IS JANUARY 1, 2024.- ➢ DATE OF USE IS MARCH 1, 2024.- ➢ THE RESIDUAL VALUE IS $1,000,000 AND ITS USEFUL LIFE IS 8 YEARS. ➢ THE COSTS AND EXPENSES INCURRED FOR THIS ACQUISITION OF FIXED ASSETS HAVE BEEN THE FOLLOWING: • HONORARY EXPENSES $500,000 • PERSONAL TRAINING $300,000 • PERSONAL COLLECTION $150,000 • FREIGHT $700,000 • CUSTOMS RATE $300,000 • ADVERTISING EXPENDITURES $150,000 • SPARE PARTS FOR YOUR INSTALLATION $400,000 REQUESTED • CALCULATE VALUE OF FIXED ASSETS • CALCULATION OF ACCUMULATED DEPRECIATION FOR ALL YEARS • INTERPRET THE RESULTS OBTAINED.
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