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1. EXTRACT OF BALANCES AS AT 28 February 2022: 2. Additional information 2.1. The fixed deposit in Mnambithi bank matures on 31 December 2024. 2.2.
1. EXTRACT OF BALANCES AS AT 28 February 2022: 2. Additional information 2.1. The fixed deposit in Mnambithi bank matures on 31 December 2024. 2.2. Due to investment commitments requiring cash injection, the CC decided on 2. Additional information 2.1. The fixed deposit in Mnambithi bank matures on 31 December 2024. 2.2. Due to investment commitments requiring cash injection, the CC decided on the following: - On 28 February 2022, admitted a new member Tiyani for a contribution of cash amount of R105000 and equipment valued at R40 500. This transaction is yet to be recorded. 2.3. The long-term loan from Mnambithi Bank was granted on 1 December 2021. The loan is secured by a first mortgage over land and buildings and is repayable in four equal annual instalments together with interest, with the first instalment on 1 December 2022. 2.4. All loans to members are immediately callable whilst the loan from Senza is repayable in full on 30 November 2023. 2.5. Investments consist of - Investment in Makhathini (Pty) Ltd valued R110000 2000 shares in Njengabo Ltd at R97 000. These shares were trading at R50.5 at 28 February 2022. 2.6. The accountant of the CC neglected to of R105000. The vehicle was sold for R32 000 cash on 1 November 2021 . The accumulated depreciation on the vehicle amounted to R78 000 on 1 November 2021. 2.7. A telephone statement from Telkom relating to February 2022 was received on 4 March 2022. 2.8. Depreciation for the year which must still be provided for was correctly calculated as follows: Question 49 Not yet answered Marked out of 3.50 Flag question Which one of the following alternatives represents the correct carrying amount for vehicles amount that must be disclosed in the statement of financial position of Senzangakhona Painting as at 28 February 2022
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