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9 Not yet answered Marked out of 25.00 Flag question QUESTION 3 (25 MARKS) Jones Ltd purchased a vehicle on 1 March 2017 at a
9 Not yet answered Marked out of 25.00 Flag question QUESTION 3 (25 MARKS) Jones Ltd purchased a vehicle on 1 March 2017 at a cost of R300 000. Depreciation is calculated on the straight-line basis over 8 years. On 31 December 2017 the recoverable amount was R180 000, on 31 December 2018 the recoverable amount was R240 000 and on 31 December 2019 the recoverable amount was R120 000. REQUIRED: 3.1 Below find the General Journal entries as well as the Property, Plant and Equipment note in the accounting records of Jones Ltd for the year ended 31 December 2019. Please complete the accounts in the table provided below by supplying the accounts or amounts for the missing values from 1 to 25. Note: Please make sure that you read the instructions carefully before answering the question. ROUND TO THE NEAREST RAND
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