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Complete the note to the financial statement relating to property, plant and equipment provided in your answer book, by using the information extracted from the

Complete the note to the financial statement relating to property, plant and equipment provided in your answer book, by using the information extracted from the general ledger of Phangiso Traders forthe financial year 1 July 2015 to 30 June 2016.

Vehicle

Date Details Fol Amount Date Detail Fol Amount
2015 2016
1 July Balance 1 340 000 30 June Balance 1 790 000
1 Nov Creditors control 450 000
1 790 000 1 790 000
2016
1 July Balance bld 1 790 000

Accummulated Depreciation

Date Detail Fol Amount Date Details
2016 2015
30 June Balance c/d 1 285 000 1 July Balance b/d 837 500
2016
30 June Depreciation 447 500
1 285 000 1 285 000
2016
1 july Balance c/d 1 285 000

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