Week 6.docx - Week 6 Question 1.1 The government uses straight-line method approach to calculate depreciation of all depreciable assets The method

Week 6.docx - Week 6 Question 1.1 The government uses...

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Week 6 Question 1.1 The government uses straight-line method approach to calculate depreciation of all depreciable assets. The method gradually reduces the carrying amount of a fixed asset such as motor vehicle over its useful life. Depreciation expenses are recorded as a debit to the depreciation expense account and credited to accumulated depreciation account. Motor vehicle, vans, and truck are depreciated at 20%, building at 2.5 % and linen at 25%. Question 1.2 The comprehensive income for the year ended 30th June 2015 is $ 1,119,541,000. The budgeted comprehensive income was $ 470,891,000 the large deviation was due to asset revaluations which were in excess of more than half a billion. Question1.3 The cash flow related to employees is as mounted to $11,000,285, the amount follows under the category of operating which consumes cash flow. Such figures are indicated using a bracket to denote the outflow of cash in a statement of cash flow. The value includes all related cost to works such as; Salaries and wages including annual leave, defined benefit plans- superannuation, superannuation- defined contribution plans, long services leave, redundancies, workers’ compensation insurance, and payroll and fringe benefits. A point to note is that long-term service leaves are measured at present value following set standard of accounting. a Question 1.4
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The aircraft cost form part of the operating costs, in the financial year that ended 30th June 2015 a total of $85,365,000 million were used. The figure represents a 14.4% of the total operating expense; the cost increased by 8.3% compared to what was incurred in the previous year. Week 11 Question one The primary purpose of a business case is to help in the decision making process of a project.
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  • Winter '17
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