Question

how to record consumption of fixed capital in production account?

Answer 1

Here below, you are given statistical data of country:
• Compensation of employees:
– Non-financial corporations: 980,000
– Financial corporations: 46,500
– General government: 97,500
– Households: 11,500
– NPISHs: 11,000
• Taxes on products : 128,000
• Subsidies on products : 8,000
• Other taxes less subsidies on production and imports: 58,500
– Non-financial corporations: 49,000
– Financial corporations: 4,000
– General government: 2,500
– Households: -1,500
– NPISHs: to be computed
• Gross operating surplus/Gross mixed income
– Non-financial corporations: 288,000
– Financial corporations: 46,550
– General government: 25,700
– Households: 154,500
– NPISHs: 2,750
• Compensation of employees from the rest of the world:
– Households: 1,145,000
• Compensation of employees to the rest of the world: 4,750
• Property income from the rest of the world
– Non-financial corporations: 97,850
– Financial corporations: 194,500
– General government: 23,500
– Households: 132,300
– NPISHs: 8,530
• Property income to the rest of the world
– Non-financial corporations: 143,400
– Financial corporations: 186,450
– General government: 42,370
– Households: 39,450
– NPISHs: 5,550

• Required: Using the data above provided, present the Generation of Income Account and the Allocation of Primary Income Account of the Nation.