The provided image contains additional information for adjustments for a Trial Balance. What are the adjustments for depreciation on Land and Building, Equipment, and Furniture and Fittings?

To prepare the Trial Balance, the Statement of Profit or Loss and Other Comprehensive Income, and the Statement of Financial Position, the initial unadjusted trial balance or a list of account balances is required. The image provided contains only the additional information or adjustments needed to modify those initial balances.

Without the starting figures for assets, liabilities, equity, revenues, and expenses, it is not possible to prepare the complete financial statements.

However, I can explain the adjustments that would be made based on the information provided:

• i. Depreciation for Land and Building:

  • Depreciation expense would be calculated as $2\%$ of the cost of Land and Building.
  • This expense would be allocated to Cost of Sales ($25\%$), Administration ($60\%$), and Distribution ($15\%$) as per point vi.

• ii. Depreciation for Equipment:

  • Depreciation expense would be calculated as $10\%$ of the cost of Equipment.
  • This expense would be allocated to Cost of Sales ($70\%$), Administration ($20\%$), and Distribution ($10\%$) as per point vi.

• iii. Depreciation for Furniture and Fittings:

  • Depreciation expense would be calculated as $15\%$ of the cost of Furniture and Fittings.
  • The apportionment for this asset is not specified in point vi, so it would typically be classified as an administrative expense unless otherwise stated.

• iv. Depreciation for Motor Vehicle:

  • Depreciation expense would be calculated as $25\%$ of the cost of Motor Vehicle.
  • This expense would be allocated to Cost of Sales ($10\%$), Administration ($5\%$), and Distribution ($85\%$) as per point vi.

• v. Apportionment of Transportation Costs:

  • The total transportation expense would be split: $30\%$ to Cost of Sales, $10\%$ to Administrative Expenses, and $60\%$ to Distribution Costs.

• vii. Apportionment of Wages:

  • The total wages expense would be split: $70\%$ to Cost of Sales (as factory wages) and $30\%$ to Administrative Expenses.

• viii. Corporate Tax Provision:

  • An income tax expense of $\text{N}150,000$ would be recognized, with a corresponding liability for income tax payable.

• ix. Amortization of Goodwill:

  • Goodwill amortization expense would be recognized and classified as an administrative expense. The amount of amortization is not provided.

• x. Interest on Long-Term Loan:

  • Interest expense would be calculated as $15\%$ of the long-term loan balance. (Assuming "book debt" is a typo and refers to the loan balance). The long-term loan balance is not provided.

To proceed with preparing the financial statements, please provide the initial trial balance or a list of all account balances for the period.