Given the accumulated depreciation of an equipment and then calculate depreciation of the equipment at 15% per annum using a straight line method and record in the balance sheet?

To calculate the depreciation of the equipment at 15% per annum using the straight-line method, you need to know the initial cost of the equipment and the number of years it has been in use.

Let's assume the initial cost of the equipment is $10,000 and it has been in use for 5 years.

The annual depreciation expense can be calculated using the formula:

Depreciation Expense = (Initial Cost - Accumulated Depreciation) / Useful Life

In this case, the useful life of the equipment is 100% / 15% = 6.67 years (rounded to 2 decimal places).

Depreciation Expense = ($10,000 - Accumulated Depreciation) / 6.67

Now, let's say the accumulated depreciation of the equipment is $4,000.

Depreciation Expense = ($10,000 - $4,000) / 6.67
Depreciation Expense = $6,000 / 6.67
Depreciation Expense ≈ $900.15 (rounded to 2 decimal places)

To record this depreciation in the balance sheet, you would decrease the accumulated depreciation by the depreciation expense amount.

New Accumulated Depreciation = Accumulated Depreciation + Depreciation Expense
New Accumulated Depreciation = $4,000 + $900.15
New Accumulated Depreciation ≈ $4,900.15 (rounded to 2 decimal places)

Therefore, the new accumulated depreciation of the equipment to be recorded in the balance sheet would be approximately $4,900.15.