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.