Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

As at 1st January 2010 salary outstanding was R128 400. Though during the year ended 31st December 2010 R598 800 was paid as salary, as

image text in transcribed
As at 1st January 2010 salary outstanding was R128 400. Though during the year ended 31st December 2010 R598 800 was paid as salary, as at 31st December 2010 salary amounting to R142 900 remained unpaid. What is the salary expense to be written off in the Statement of income for the year ended 31st December 2010? Select one: O a. R613 300 b. R598 800 CR741 700 O d. R584 300 Atrader depreciates his vehicles at 40% per annum using the reducing balance method, with time proportionate depreciation in the year of acquisition. In addition to vehicles acquired on 1 July 2010 for R180 000, he acquired a vehicle on 1 May 2011 for R60 000. His depreciation for year ended 31.12.2011 will be Select one: O a R83 200 b. R81.600 c. 759 200 d. R73 600

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting IFRS Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

2nd Edition

1118443969, 978-1118443965

More Books

Students also viewed these Accounting questions

Question

What other blunt questions do you think would be appropriate?

Answered: 1 week ago