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Accumulated Depreciation R16 000 . Depreciation is calculated at 20%p. a. on a diminishing method. An old equipment was disposed for R1500 cash on 1

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Accumulated Depreciation R16 000 . Depreciation is calculated at 20%p. a. on a diminishing method. An old equipment was disposed for R1500 cash on 1 December 2021. The equipment originally costed R3 000. The Accumulated depreciation for previous years is R700. The profit/loss for the disposed equipment is A. Profit/loss R455 B. Profitloss R300 C. Profit/loss R92 D. Profit/loss R 460 Use the information provided below to prepare the Statement of Changes in Equily for the year ended 28 February 2023. INFORMATION The information given below was extracled from the accounting records of Sidney Traders, a partnership business with Siddle and Neymar as parthers. The following must be considered: (a) The net profit according to the Statement of Comprehensive income amounted to R1 000000 on 28 February 2023. (b) The partnership agreement made provision for the following: Interest on capital must be provided at 12% per annum on the balances in the capital accounts. Note: Siddle increased his capital by R200 000 on 01 September 2022. On the same date, Neymar decreased his capital by R200 000. The capital changes have been recorded. The partners are enstled to the following monthly salaries from 01 March 2022 to 30 November 2022 : Siddle R10 1000 Neymar R12000 An increase in salaries of 10% is effective from 01 December 2022 Siddle is entited to a bonus of 10% of the net profit before any appropriations are made. Siddle and Neymar share the remaining profits or losses in the ratio of the capital contributions as at

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